Bloom Energy jumps 5.29% as AI data center power demand optimism builds

Bloom Energy Corp. shares rose 5.29% to $242.10 on Monday as investors extended a rally tied to artificial intelligence infrastructure demand. The move came after Bloomberg News reported that Anthropic’s second-quarter revenue climbed more than 14-fold from a year earlier to more than $11.5 billion from $787 million, underscoring how fast AI-related computing demand is expanding. Traders had already pushed Bloom Energy higher on Friday after CoreWeave, which uses solid oxide fuel cell systems (high-efficiency on-site power units) for data center electricity, reported second-quarter revenue of $2.58 billion and a $104 billion backlog. Technically, BE remained in a longer-term uptrend, trading 29% above its 200-day SMA of $184.56 and 12.5% above its 20-day SMA of $211.48, though it was still 3.7% below its 50-day SMA of $247.24. Its RSI (momentum indicator) stood at 50.91, signaling a neutral reading as traders watched whether the stock could build on a July swing low and move back toward its June high area.

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