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Bloom Energy Surges on Oracle’s AI-Driven Data Center Expansion
Bloom Energy Surges on Oracle’s AI-Driven Data Center Expansion
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BTCCSquare news:
Bloom Energy shares soared 18.5% Wednesday, fueled by indirect Optimism from Oracle's explosive cloud infrastructure growth. While no company-specific news emerged, the July partnership between Bloom and Oracle gained renewed relevance after Oracle reported a 359% surge in cloud infrastructure backlog.
The clean energy firm's servers—which convert natural gas or hydrogen into electricity without combustion—position it as a critical power provider for Oracle's rapidly expanding data centers. CEO Safra Catz projects Oracle's cloud revenue will leap from $18 billion to $144 billion by 2030, creating massive energy demand where Bloom's technology could play a pivotal role.
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