Microsoft's Data Center Expansion Spills Over to Nvidia

Nvidia's stock rose by 0.5% in after-hours trading following a Bloomberg report that Microsoft plans to triple its data center capacity.

The expansion aims to reach over 38 gigawatts of capacity by 2032, surpassing the electricity consumption of New York state during peak periods.

Microsoft's capital expenditures reached $145 billion in its most recent fiscal year, with analysts expecting spending to continue growing.