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Nvidia Holds Near All Time High; Approaches $3 Trillion Market Cap; Is Nvidia A Buy Now?

Nvidia held near record highs on Wednesday. Nvidia's market cap is approaching $3 trillion, a milestone held by Magnificent Seven stock Microsoft. Shares of Nvidia rose to record highs after fiscal first-quarter results beat estimates yet again late last Wednesday. Read More...

Data centers could use 9% of US electricity by 2030, research institute says

Data centers could use up to 9% of total electricity generated in the United States by the end of the decade, more than doubling their current consumption, as technology companies pour funds into expanding their computing hubs, the Electric Power Research Institute said on Wednesday. Depending on the adoption pace of technology such as generative artificial intelligence (AI), which is fueling the expansion of data centers, and the energy efficiency of new centers, the estimated annual growth rate of electricity use by the industry ranges from 3.7% to 15% through 2030, the institute’s analysis said. Data centers, along with expanding domestic manufacturing and electrification of transportation, are lifting the U.S. electricity industry out of two decades of flat growth.

Reuters

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