What exactly did the report that slashed AI computing power stocks say?

TD Cowen found through channel surveys that cancellations and delays of Microsoft Datacenter leases are more common than expected, abandoning new Datacenter projects that consume a total of 2GW of power in the US and Europe, attributing this to an oversupply of Computer clusters. However, Google and Meta quickly filled the gap, and the overall demand for Datacenters is still growing year-on-year. Meanwhile, the supercomputing architecture is transitioning to higher density, leading to a short-term slowdown in equipment Orders, which presents challenges for equipment suppliers.

wallstreetcn37minutes ago

What is the reason behind Microsoft being the first to cut capital expenditures amidst the significant decline of the Industry Chain?

Behind Microsoft's temporary "contraction" is a mismatch in supply and demand and financial considerations. When there are changes in short-term demand patterns or Hardware selection, adjustments to external leasing or new construction speeds are necessary to maintain healthy ROIC (Return on Invested Capital). Microsoft's initial "contraction" does not indicate an overall downturn in the Industry; on the contrary, Meta and Google continue to maintain rapid expansion during this phase.

wallstreetcn47minutes ago

Express News | OpenAI Is Close to Finalizing a $40 Billion Financing Deal Led by SoftBank (Bloomberg)

Moomoo 24/719:51 ET

Global Autos trade is facing a dark moment as Trump announces the imposition of the highest 25% tariffs on imported Autos.

① The President of the USA, Trump, announced that a maximum tariff of 25% will be imposed on all cars not manufactured in the USA; ② The tariffs will take effect on April 2 and will start to be collected the next day; ③ Most Auto Manufacturers' stock prices fell in after-hours trading, with Ford Motor down over 4% and General Motors down over 5%; ④ Canada and the EU have both responded.

cls.cn18:42 ET

Tariffs hit the US stock market again, with the Nasdaq down 2%, NVIDIA down nearly 6%, and Tesla down over 5%. The Chinese concept Index rebounded strongly, while New Copper continued to reach new highs.

The three major US stock indexes fell for the first time in four days, with Technology stocks leading the decline. The chip index dropped over 3%; Super Micro Computer fell nearly 9%. The China concept index ended six consecutive declines. The Autos Sector fell over 2%, leading the decline in European stocks. The yield on the ten-year US Treasury bond rebounded, nearing a four-week high. Following the announcement of auto tariffs, the USD hit a three-week high. Bitcoin briefly fell over 2000 dollars. Crude Oil Product reached a new high this month, with Brent Oil rising for five consecutive days. Gold has retreated.

wallstreetcn18:19 ET

The US stock market has fallen sharply again, and NVIDIA has suffered a heavy loss! A well-known Analyst revealed: Microsoft has abandoned its new Datacenter project in the US and Europe.

According to TD Cowen Analysts, Microsoft has abandoned new Datacenter projects in the USA and Europe, which were originally planned to consume 2 gigawatts of Electrical Utilities. The Analysts attribute this move to an oversupply of Computer clusters supporting AI operations. A related report from TD Cowen in February had already attracted significant attention, stating that Microsoft has canceled multiple lease agreements with various private Datacenter operators. Microsoft’s latest response stated, "While we may strategically adjust or slow down the pace of infrastructure development in certain areas, we will continue to maintain strong growth in all regions." On Wednesday, the rebound in US stocks abruptly stopped, with NVIDIA experiencing a decline of 6% at one point.

wallstreetcn16:49 ET