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NVIDIA's CEO says data centers don't raise energy bills despite rising utility costs near AI hubs.

Market News
28 Sep 2026
24/7 Wall Street
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Bullish
NVIDIA's CEO says data centers don't raise energy bills despite rising utility costs near AI hubs.

NVIDIA CEO Jensen Huang dismissed concerns about data center water use as a myth and claimed data centers actually reduce energy bills. However, some homeowners near AI data centers report sharp spikes in utility costs. Huang acknowledged older facilities use more water but highlighted newer, efficient cooling technologies. NVIDIA is rapidly expanding AI infrastructure, with power demand growing significantly, and is working to raise over $500 billion for further buildout. Investors should watch how utilities adjust rates for large data centers as demand surges.

Nvidia's stock price rose by 2.14% to USD 229.89 on Pluang, reflecting investor interest amid the company's rapid AI infrastructure expansion. The stock's market cap stands at $5.43 trillion, highlighting its significant role in the technology sector. These figures are current as of Sep 28, 2026 22:31 WIB.

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