AI spending is booming, reaching $632 billion by 2028, benefiting companies like Bloom Energy.

From Nasdaq: 2025-03-11 14:26:00

AI Spending Explodes: Bill Gates praises OpenAI’s ChatGPT for passing an AP Bio exam, reflecting the potential of AI. Tech giants like Meta Platforms and Microsoft investing billions in AI. Worldwide AI spending to double by 2028, reaching $632 billion.

Data Center Energy Consumption Projections: Data centers’ energy usage set to double or triple by 2028, posing challenges for the energy grid. US electric grid at capacity, leading to potential energy crises. President Trump eases regulations for energy producers amidst energy emergency declaration.

Bloom Energy Overview: Bloom Energy leverages natural gas to generate clean electricity for data centers. Recent mega deal with American Electric Power boosts stock by 59%. Microsoft considers using natural gas for AI data centers. Bloom Energy stands out amid market weakness.

Bloom Energy’s Market Performance: While peers like Constellation Energy and Oklo struggle, Bloom Energy shows relative strength. Wall Street analysts bullish on Bloom Energy, anticipating significant EPS growth in 2025 and 2026. Bloom Energy positioned to benefit from AI’s energy demand surge.

Zacks’ Research Top Stock Pick: Zacks highlights a top stock set for significant gains, backed by innovative solutions and a growing customer base. Director of Research Sheraz Mian names the stock with the highest potential for growth. Get insights on top stock picks and industry analysis from Zacks Investment Research.



Read more at Nasdaq: Bloom Energy and the $632 Billion AI Energy Rush