Svmuu News: The Kobeissi Letter posted on X, citing a Bloomberg report, stating, “U.S. tech companies have committed to spending a record $850 billion on data center leases over the next few years, representing a year-over-year increase of $570 billion (a 204% rise) and a quarter-over-quarter increase of $200 billion (a 31% rise).
It is reported that Meta added $79 billion in new commitments in the first quarter of 2026, a 76% increase from the previous quarter, bringing its total commitments to approximately $183 billion.Microsoft (Microsoft) added $41 billion in new commitments during the same period, a 26% increase from the previous quarter, bringing its total commitments to approximately $197 billion. Oracle leads with total commitments of approximately $250 billion and has secured multiple key sites to fulfill its contract with OpenAI.”