According to The Telegraph, Microsoft has pulled out of a data center deal at the Loughton, Essex site with UK cloud provider Nscale, even though it is one of Nscale's two largest customers. Microsoft has not given a reason and declined to comment; the paper said the project faced repeated delays and National Grid did not expect power for the site until the 2030s. Nscale said its relationship with Microsoft "remains strong and long-term," blamed a London-wide grid issue, and said other contracts are unaffected. The article views this as a minor event tied to power at one site rather than weak demand, pointing to Microsoft's latest quarterly revenue, up 18% to $90 billion, and Azure growth of 43%.
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MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/16/2026 | 528.95 |
| Change that session | -1.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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