Yahoo Finance

Nvidia stock was rising Thursday after major customers Microsoft and Meta Platforms signaled they will continue to spend heavily on artificial-intelligence infrastructure. Nvidia shares were up 4.1% at $113.38 just after noon. There were good signs for Nvidia as Microsoft reported late Wednesday that its third-quarter capital expenditures came to $16.7 billion, up from $11 billion in the same period a year ago, and said its full-year capex expectations were unchanged.