Catenaa, Sunday, January 11, 2026- Data centers are expected to require roughly $7 trillion in capital outlays by 2030, according to a report by McKinsey, as bubble speculations rage almost daily, sending Mag 7 stock prices rising and falling.
Bubble fears surround stocks within the Magnificent 7, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, as well as Oracle and Softbank, and other tech companies’ multi-billion-dollar investments in the unrelenting buildout of humungous data centers to power their AI systems.
That’s essentially the 30,000-foot, macroeconomic view of AI from Wall Street’s bulls and bears. For a zoomed-in, micro look at the volatility surrounding AI, there may be no better example of adjacent players in the space than Bloom Energy.
A one-time privately funded startup darling from Silicon Valley’s initial push into renewable energy, which grabbed some marquee customers early on (e.g., Google and Walmart), Bloom was often in the red since its founding in 2001.
Following its 2018 IPO for $15 per share, it has been an unremarkable stock, trading near that IPO price as recently as last April.
But Bloom has skyrocketed roughly 400% over the past year, ignited by its emergence as a standalone, onsite power supplier for electricity-guzzling AI data centers.
It uses stacks of solid oxide fuel cells to provide an immediate, always-on alternative to connecting to public utilities’ strained grids. Bloom is now among the priciest energy stocks, at 125 times forward earnings.
Bloom’s performance chart for 2025 resembles one depicting the elevation trajectory from flat, mile-high Denver west to 12,000-foot-high Rocky Mountain National Park.
The stock price had come back down to Earth lately, from a 52-week high of $147.86 in November on the strength of strong third-quarter earnings and a major deal with utility giant American Electric Power.
