AWS VP Kevin Miller addressed a Wells Fargo report suggesting Amazon was pausing discussions to lease capacity at data centers critical to AI.

Amazon.com has paused some data center lease talks for its cloud division, particularly in overseas markets, suggesting a short-term slowdown in leasing for large-scale facilities, Wells Fargo analysts said on Monday.

Amazon (NASDAQ:AMZN) shares slid more than 3.5% on Monday as Wells Fargo said the tech giant has paused some data center leases. “Over the weekend, we heard from several industry sources that AWS has paused a portion of its leasing discussions on the colocation side (particularly international ones),