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Bloom Energy Corp. shares have staged a strong rally this year and now stand to capitalize further on Oracle Corp.’s swelling artificial-intelligence backlog.
The clean-energy company struck an agreement with the cloud giant in July that will see Oracle Cloud Infrastructure data centers
harness Bloom’s fuel-cell technology to support demand for the tech company’s AI and cloud-computing services. The deal effectively ties the San Jose, Calif.-based company to Oracle’s ORCL cloud-computing growth and means Bloom BE itself is poised to see strong momentum, according to Morgan Stanley analyst David Arcaro.
This post was originally published on Market Watch
