Gate News message, April 15 — Oracle shares rose 5% on April 15 as the company expanded its partnership with Bloom Energy, which will supply up to 2.8 gigawatts of fuel cell systems for Oracle’s data centers. Bloom Energy shares surged 20% following the announcement.
The deal comes days after Oracle received a warrant (a financial instrument granting the right to purchase stock at a set price) to buy approximately $400 million worth of Bloom Energy stock. The partnership is separate from Stargate, a $500 billion AI infrastructure joint venture between Oracle, OpenAI, and SoftBank, which plans nearly 7 GW of capacity across sites in Texas, New Mexico, and Ohio.
Software stocks extended their rebound from an AI-led selloff. Bloom Energy previously delivered a fully operational fuel cell system to Oracle in 55 days, addressing the fast-rising, high-density power demand tied to AI workloads that conventional grids struggle to meet.
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