It’s not about storing data with Microsoft and the like. It’s about allowing them to send that data back to the US, which allows their intelligence and data brokers to mine the data.
That would not be allowed if it stayed in the EU, and there is literally no technical reason why it has to be sent to the US ever.
That would not be allowed if it stayed in the EU, and there is literally no technical reason why it has to be sent to the US ever.