Investors are withdrawing from data‑center projects, causing debt levels to climb and prompting companies to cancel planned stock market listings, analysts said on Tuesday.
The retreat follows a broader slowdown in the artificial‑intelligence boom, where data centers serve as the physical backbone for machine‑learning models. Funding for new facilities has dried up as cheap credit recedes, forcing firms to reassess financing strategies.
Industry sources noted that several firms announced the postponement of initial public offerings after failing to secure sufficient capital. The trend highlights growing skepticism about the sustainability of rapid expansion in the sector, which has relied heavily on optimistic growth forecasts over the past five years.