Amazon is prospective tenant that withdrew funding from Fermi's project, Insider reports

Core Insights - Amazon has withdrawn funding from REIT Fermi's large-scale data-center project, as reported by Business Insider, citing CEO Toby Neugebauer [1] Company Summary - Amazon was identified as the prospective tenant for the data-center project [1] - The withdrawal of funding indicates a significant shift in Amazon's investment strategy regarding data centers [1] Industry Summary - The decision by Amazon may impact the data center real estate investment trust (REIT) sector, particularly for Fermi [1] - This event highlights potential volatility in the data center market, influenced by major players like Amazon [1]