US Tech Data Center Leasing Commitments Hit $850B, Up 204% YoY
FinanceYF5 · x · 2026-07-07
US tech companies' total leasing commitments for data centers have reached $850 billion, representing a 204% year-over-year and 31% quarter-over-quarter increase. In Q1, Meta added $79 billion (up 76% QoQ), bringing its total commitments to $183 billion. Oracle holds the highest total commitment scale at around $250 billion, largely driven by contractual obligations to OpenAI. These figures reflect the sheer intensity of the ongoing AI compute arms race.
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