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Why Bloom Energy Stock Jumped This Week
Many big tech stocks have been soaring as spending for artificial intelligence (AI) infrastructure continues to grow. Major announcements this week during President Donald Trump's Middle East trip gave tech investors even more to cheer about.The massive planned data center buildouts in Saudi Arabia and the United Arab Emirates (UAE) that were announced will need power. One energy company helping to supply onsite power to data centers is Bloom Energy (NYSE: BE). Based mostly on that growing business segment, Bloom shares jumped 12.6% this week as of 11 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.Image source: Getty Images.Continue reading
Many big tech stocks have been soaring as spending for artificial intelligence (AI) infrastructure continues to grow. Major announcements this week during President Donald Trump's Middle East trip gave tech investors even more to cheer about.
The massive planned data center buildouts in Saudi Arabia and the United Arab Emirates (UAE) that were announced will need power. One energy company helping to supply onsite power to data centers is Bloom Energy (NYSE: BE). Based mostly on that growing business segment, Bloom shares jumped 12.6% this week as of 11 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.
Image source: Getty Images.
