Q2 2026 datacenter leasing reached a record ~9.6GW, primarily in the US and Europe, with Meta leading at +2.5GW, Microsoft at ~2GW, and Google at +1.5GW. The pipeline is running hotter at ~12.5GW, driven by OpenAI's roadmap upsize to 30GW by 2030, Anthropic's international ramp, and Meta's unabated leasing of +20MW edge/network nodes across 10+ markets.
Hyperscalers and frontier AI labs are locking in massive datacenter capacity, driving up pricing and pushing advanced power solutions like 800V DC to 2H28.