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Pathikrit Bose

Trump Was Supposed to Kill Hydrogen Investments, but Oracle Just Gave Bloom Energy Stock a Second Life

Oracle Donald Trump Bloom Bloom Energy Hydrogen Be New Mexico

Oracle (ORCL) received a jolt yesterday after one of its most critical partners, ChatGPT-maker OpenAI, missed revenue and user targets. However, shares of fuel cell-focused energy provider Bloom Energy (BE) rallied by more than 12% after market hours and are spiking over 20% today. How are they related?

Well, Bloom is one of the key energy partners of Oracle. And the latter recently revealed that its Project Jupiter AI data center campus in New Mexico will fully utilize up to 2.45 GW of Bloom's installed fuel cell capacity to fulfill its energy needs in the form of a microgrid.

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