Microsoft (MSFT) has not canceled any contracts with CoreWeave (CRWV), Reuters reported late Thursday, citing a CoreWeave spokesperson, denying an earlier Financial Times report that the tech giant walked away from some of its commitments.
"We pride ourselves in our client partnerships and there have been no contract cancellations or walking away from commitments. Any claim to the contrary is false and misleading," the report quoted the spokesperson as saying in an email.
The Financial Times reported Thursday that Microsoft canceled some of its agreements with cloud provider CoreWeave over service delivery challenges and unmet deadlines.
Neither Microsoft nor CoreWeave immediately responded to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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