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Bloom Energy Climbs as Oracle Expands AI-Cloud Infrastructure Pact

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Source: Benzinga
TL;DR

Bloom Energy shares moved higher in after-hours trading after the company announced an expanded strategic partnership with Oracle to support its AI and cloud infrastructure, with Oracle planning to procure up to 2.8 gigawatts of Bloom’s fuel-cell systems under a master services agreement (an initial 1.2 GW already contracted); deployment is underway and expected to continue into next year, with Bloom’s Aman Joshi calling the expanded relationship a step toward a shared vision for energy and AI infrastructure. BE was up about 9.7% after hours to around $193.93.

Topics:businessmarkets#after-hours#bloom-energy#fuel-cell#markets#oracle#partnership
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  1. Bloom Energy Stock Surges On Expanded Oracle Partnership - Bloom Energy (NYSE:BE)  Benzinga
  2. Oracle expands Bloom Energy deal days after receiving $400 million stock warrant  CNBC
  3. Oracle Agrees to Buy Power From Bloom for AI Data Centers  Bloomberg.com
  4. Bloom Energy to supply up to 2.8 GW of fuel cells under expanded Oracle deal  Yahoo Finance
  5. Bloom Energy and Oracle Expand Strategic Partnership to Deploy up to 2.8 GW to Accelerate AI Infrastructure Build-Out  Business Wire

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