Bloom Energy Shares Drop 5.5% Amid AI Spending Volatility
Bloom Energy (BE) fell sharply to $89.58, extending losses in after-hours trading as investors questioned the sustainability of Big Tech's AI infrastructure spending. The stock, which remains up 303% year-to-date, saw 10.27 million shares traded—below peak volatility levels but reflecting persistent uncertainty.
Fuel-cell technology had positioned Bloom as a key player in data center power solutions, but Monday's drop to $87.78 after hours suggests mounting skepticism about AI-related capex. Analysts remain divided on valuation, with targets scattered ahead of Tuesday’s jobs report.