Bloom Energy (BE) Extends Boost on 4th Day on New Deal with AI Firm
Bloom Energy extended its winning streak to a fourth consecutive day on Thursday, soaring 22.95 percent to close at $33.06 apiece, as investor sentiment was bolstered by its newly bagged deal to power AI data centers in the US.
In a statement, Bloom Energy Corporation (NYSE:BE) said it inked a deal with Oracle Corporation to deploy its fuel cell technology at the latter's select cloud infrastructure centers.
Bloom Energy Corporation (NYSE:BE) said it will begin to deliver the technology within 90 days.
'Customers expect to run their AI workloads and new AI applications at peak performance. Bloom's fuel cell technology will join OCI's extensive energy portfolio, further supporting our cutting-edge AI infrastructure with reliable, clean power that can be quickly deployed and easily scaled,' said Oracle EVP Mahesh Thiagarajan.
Photo by Tommy Krombacher on Unsplash
Meanwhile, Bloom Energy Corporation (NYSE:BE) is scheduled to release the results of its second quarter earnings performance after market close on Thursday, July 31.
While we acknowledge the potential of BE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
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