Keep an eye on Bloom Energy (SYM: BE).
It’s another beneficiary of the artificial intelligence data center boom.
For one, the company will deploy its fuel cells to generate on-site power for a high-performance artificial intelligence data center with CoreWeave. In fact, as noted in the press release, “The modern data center will allow for high-density deployments with advanced cooling systems, allowing CoreWeave to offer performant and efficient cloud solutions for AI.”
Two, Morgan Stanley just reiterated its overweight rating on the Bloom stock with a price target of $22. The firm added “We believe BE is one of the most underappreciated ways to play the Powering AI theme,” adding that the agreement between it and Coreweave “further demonstrates the viability and role of solid oxide fuel cells to power data centers and solve the time-to-power constraints.”
