Microsoft Corp. (NASDAQ:MSFT) stock traded higher Friday as a broad market rally lifted large-cap technology stocks.
Microsoft gained about 0.4%, while the Nasdaq rose 1.23% and the S&P 500 climbed 1.11%. The technology sector led the market with a 1.77% gain.
Microsoft Plans Major Data Center Expansion
Separately, Microsoft is planning a major expansion of its global data center network as strong AI and cloud demand strains its available computing capacity.
Microsoft aims to increase data center capacity to more than 38 gigawatts by 2032 from about 12 gigawatts currently, Bloomberg reported Friday, citing people familiar with the plans.
