Blackstone said to abandon a large data center in Virginia

A report says QTS Data Centers, which is fully owned by Blackstone, is abandoning plans to build a large data center in Virginia. The story may matter for markets because it adds to growing concerns about overspending and possible overcapacity in the data center/AI infrastructure boom, especially after recent reports that Meta may sell excess compute. The article highlights a split in interpretation: bears see excess capacity as a sign that demand may not justify current capex, while bulls argue firms are rationally monetizing or reallocating surplus compute at current GPU prices. The immediate market read is cautious for data-center and AI infrastructure sentiment, though the piece does not provide financial details or direct price action.