Microsoft has pulled back on data center projects in the U.S. and Europe, totaling two gigawatts over the past six months.

The move comes amid growing speculation that Microsoft is in an oversupply position following its previous push into AI and cloud computing, reported Bloomberg. The Redmond, Washington-based tech giant has scaled back on developing data center sites in countries such as Indonesia, Australia, and the U.K., as well as U.S. states including Illinois, North Dakota, and Wisconsin.

Bloomberg reported that the company has also halted negotiations to lease space in the U.K. between London and Cambridge, which would’ve hosted Nvidia’s chips, and another data center site near Chicago.

“As AI demand continues to grow, and our data center presence continues to expand, the changes we have made demonstrates the flexibility of our strategy,” a Microsoft spokesperson told the outlet.