Remain Bullish on AI Beneficiaries Like Bloom Energy
Yahoo Finance ·
Remain Bullish on AI Beneficiaries Like Bloom Energy Derek Lewis Thu, September 10, 2026 at 6:50 PM EDT 2 min read MSFT AMZN GOOG META BE The AI spending race shifted into a higher gear during the Q2 earnings season, with Microsoft, Amazon, Alphabet and Meta reporting roughly $170 billion in capital expenditures (CapEx). Microsoft reported $41 billion of CapEx, Alphabet spent $44.9 billion and raised its full-year CapEx forecast, Meta deployed $31.1 billion while maintaining its outlook, and Amazon led the group with $54.2 billion in property and equipment purchases. The spending surge creates a powerful demand tailwind across the broader AI infrastructure supply chain, with companies like Bloom Energy BE sitting in a pretty spot as data centers increasingly need near-term power. Bloom Energy delivered rock-solid results in its earnings release, easily beating our consensus expectations. The company posted record quarterly revenue of $1.07 billion, surpassing the $1 billion milestone for the first time ever and translating to a massive 166% year-over-year increase. Growth has been driven by soaring demand for its solid-oxide fuel cell systems, as major U.S. hyperscalers and AI data center operators seek reliable on-site power. Additionally, BE is set to join the S&P 500 in the next quarterly rebalancing near the end of September, a major positive for the stock's near-term action as index funds adjust their portfolios around the rebalance. The stock sports a Zacks Rank #1 (Strong Buy), with EPS expectations remaining on a bullish trajectory across the board. Investors have hundreds of billions of reasons why to remain bullish on the AI buildout, particularly for companies like Bloom Energy BE, which represents a big beneficiary of increased power demands. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bloom Energy Corporation (BE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com).
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