Meta and Microsoft Lead $850B Data Center Boom

Meta and Microsoft are leading a boom in data center leases across the technology sector. [1] This widespread expansion in the data center leasing space is valued at a total of $850 billion. [1] Bloomberg Technology published a news report focusing on this development. [1] The specific report regarding these data center leases was released to the public on June 24, 2026. [1]

The massive scale of this $850 billion boom underscores the immense physical infrastructure required to sustain modern AI and cloud initiatives. With Meta and Microsoft securing large-scale data center leases, the competitive landscape for computing power is intensifying, likely putting pressure on other major cloud providers like Amazon Web Services and Google Cloud to match these infrastructure footprints. What the sources don't address: How much of this $850 billion figure represents new, previously unannounced capacity versus long-term renewals of existing data center leases.