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Barchart
Barchart
Aditya Raghunath

This Under-the-Radar Hydrogen Stock Is Surging on AI Data Center Plans. Should You Buy Shares Now?

Bloom Bloom Energy Hydrogen KR Sridhar Be Oracle

Bloom Energy (BE) stock surged over 20% last week, hitting an all-time intraday high of $47.21, after CEO KR Sridhar revealed the company expects to announce additional power supply agreements for artificial intelligence (AI) data centers soon.

The fuel cell technology provider has emerged as a surprising beneficiary of the AI boom, as data centers scramble to secure reliable power sources for energy-intensive AI workloads. Bloom's recent partnership with Oracle (ORCL) demonstrates the growing demand for on-site power solutions that can be deployed rapidly.

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