Tech Giants Commit $850 Billion to Data Center Leases for AI Buildout
US tech companies are committing a record $850 billion to data center leases over the next several years, a 204% year-over-year increase. Meta added $79 billion in Q1 2026, bringing its total to $183 billion. Microsoft added $41 billion, reaching $197 billion, while Oracle leads with $250 billion in total commitments.
Sources
Kobeissi Letter
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