Palantir stock fell again Monday as reports over Microsoft pulling back on data center leases pressured artificial intelligence names.

Microsoft has begun canceling leases for a substantial amount of datacenter capacity in the U.S., TD Cowen said in a report.

Energy Transfer's volumes are growing well and are likely to continue doing so. Click here to read more about ET stock and why it is a Buy.

An analyst note flagging a possible slowdown by Microsoft in leasing data center capacity grabbed the market's attention on Monday, lending credence to skepticism among investors worried that the AI-led stock-market boom might be running out of steam.

Microsoft has canceled some leases for US data center capacity, according to TD Cowen, raising broader concerns over whether it’s securing more AI computing capacity than it needs in the long term. TD Cowen analyst Michael Elias,

Microsoft Corp. has canceled multiple data center leases and may scrap several more that are currently in the works, Bloomberg reported today. A significant percentage of tech giants’ data center spending is driven by artificial intelligence demand.

Investment bank claims software giant ditched 'at least' 5 land parcels due to potential 'oversupply' Microsoft has reportedly cancelled leases on datacenter capacity in the US, raising questions about whether the company may have overestimated demand for AI services and the compute power it needs to drive them.