tech
Oracle jumps for a second day, Bloom Energy soars 22% on AI data center power deal
Oracle stocks bounced as software shares continued to recover and the company expanded a capacity deal with Bloom Energy.
TL;DR
- Oracle and Bloom Energy shares increased significantly after a deal for AI data center capacity.
- Oracle's stock rose over 4%, while Bloom Energy shares soared 22%.
- Oracle expects to procure up to 2.8 gigawatts of Bloom's systems.
- Oracle has raised over $100 billion in debt for data center scaling and AI buildout.
- Software stocks have recently tumbled due to concerns about AI impacting business models and rising default risk in private credit.