Microsoft is reducing the number of partnerships with providers specializing in AI infrastructure to focus on a few strategic suppliers and expand its own data centers. The company is still evaluating its options and has not decided which contracts to renew, but it has reportedly declined to renew its agreement with Oracle and has reduced its work with Nscale. The sector is facing rising interest rates, substantial debt, and concerns about whether infrastructure construction will slow. Over the past month, shares of CoreWeave, Nebius, and IREN have fallen by roughly half, while Microsoft reported $45.2 billion in capital expenditures and finance leases during its latest quarter.
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