Bloom Energy Is Getting a $2.5 Billion Boost From Artificial Intelligence (AI). Is the Stock a Buy?
Bloom Energy (NYSE: BE) believes it is perfectly positioned to help power the development of artificial intelligence (AI). With a $2.5 billion backlog of fuel cells to deliver, the benefit is showing up right now. The company's recent deal with American Electric Power (NASDAQ: AEP) highlights the opportunity.Here's what you need to know.AI is still in its early days, and there are a huge number of companies looking to exploit the opportunity. That includes AI providers as well as companies that use it to enhance their business. It is too soon to decide on the companies that are going to be the biggest direct winners. But that doesn't mean you can't foresee the clear need for reliable power that AI requires to operate.Continue reading
Bloom Energy (NYSE: BE) believes it is perfectly positioned to help power the development of artificial intelligence (AI). With a $2.5 billion backlog of fuel cells to deliver, the benefit is showing up right now. The company's recent deal with American Electric Power (NASDAQ: AEP) highlights the opportunity.
Here's what you need to know.
AI is still in its early days, and there are a huge number of companies looking to exploit the opportunity. That includes AI providers as well as companies that use it to enhance their business. It is too soon to decide on the companies that are going to be the biggest direct winners. But that doesn't mean you can't foresee the clear need for reliable power that AI requires to operate.
