BE - Bloom Energy

Bloom Energy provides on-site power solutions critical for AI data centers.

Part of the energy layer, builds fuel cells for the grid. AI data centers consume massive power and the current grid can't keep up. Bloom Energy helps address this gap.

Textbook shallowing consolidation breakout pattern after a massive move from 25 to 150, indicating institutional accumulation and supply being sucked out.

Still a top 10 holding but trimmed by about a third. Aschenbrenner maintains conviction in fuel cells for data center power but took some profits

Aschenbrenner bought ~$875M in Bloom Energy at ~$105/share, a fuel cell company that generates electricity on-site for data centers, bypassing the broken US grid. The position grew to $2.2B within 6 months. The host validates this thesis, noting the power infrastructure bottleneck is real.

Host notes the $2.6B agreement with Nebius to install, operate, and maintain fuel power supply systems. This is mentioned in the context of energy being the largest bottleneck for AI growth.

Cited as a leader stock example, up 217% year-to-date, far more than double the S&P 500 performance. Part of the leading energy industry.

Bloom Energy has a deal with Oracle and AI data centers need uninterrupted power. Fuel cells are critical for powering data centers at scale, making BE a key energy play for AI infrastructure.

25% allocation. Builds infrastructure for AI and data centers with direct energy solutions, preventing sites from shutting down due to insufficient power. Positioned as the growth driver individual stock within the AI energy theme.

Ross uses Bloom Energy as an educational example of the shallowing breakout pattern. He shows how it had a big rip, shallowed, came in, then gapped and broke out, going from $200 to $300 (50% move) in 2-3 weeks. He notes it's now extended.