StocksMedium•4 November 2026•
1 min read
Microsoft Reportedly Cuts AI Spending Amid IREN Ltd Data Center Delays
Key Facts
1Microsoft reportedly cut AI spending due to delays from IREN Ltd. in data center development.
2IREN faces delays at a Texas data center being developed under a five-year, $9.7 billion contract with Microsoft.
Microsoft reportedly cut its AI spending due to delays from IREN Ltd. in data center development, according to Breakingthenews.net. IREN is facing delays at a Texas data center being developed under a five-year, $9.7 billion contract with Microsoft.
MSFT closed at $556.07 on November 4, 2026, as reports indicated that the total value of deals impacted by these infrastructure delays could reach $27.1 billion. On the same day, AAPL closed at $349.51, while GOOGL finished at $291.11 and META at $637.84.