Microsoft signs $130bn in data centre leases as it races to meet AI demand

Microsoft signs over $130 billion in new data centre leases to power AI growth

Microsoft signed $130 billion in new data center leases this quarter (record), raising future commitments to $329.1 billion for multi-year AI infrastructure. The shortage persists: elevated capex and vendor scarcity through 2027-2028 force multi-cloud hedging and early capacity lock-ins.