Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTDamilola EsebameMon, July 20, 2026 at 11:03 PM GMT+2 5 min readThe warehouses of computer servers powering artificial intelligence are growing so fast that their electricity appetite is beginning to reshape household budgets. The CEO of the company supplying most of the hardware in those facilities just laid out a projection that makes the current spending look modest by comparison.Jensen Huang, who cofounded Nvidia (NVDA) and still runs the company, has told investors across multiple recent earnings calls that he expects global annual data-center capital expenditure to reach $3 trillion to $4 trillion by the end of the decade, CNBC reported. On