U.S. tech companies increased their commitments for data center leases to over $850 billion in the first quarter of 2026, setting a record high in the race to build artificial intelligence infrastructure.
Spending Increases Quarter Over Quarter
The total shows a $570 billion increase compared to the same period last year, a 204% rise. It also reflects a $200 billion increase from the previous quarter, up 31%, according to Bloomberg data cited by market commentator The Kobeissi Letter on X, based on company filings.
Gap Widens Among Top Spenders
Based on data cited on X, company filings indicate that the gap between the largest spenders is getting wider.
