Bloom Energy rises on AI infrastructure demand optimism

Bloom Energy Corp. (NYSE: BE ) stock is gaining on Monday, driven by broad artificial intelligence infrastructure optimism after stellar revenue growth from AI firm Anthropic.

Anthropic's revenue surged more than 14-fold in the second quarter compared to the prior year, Bloomberg News reported.

The AI firm reported preliminary revenue exceeding $11.5 billion for its latest completed quarter, rising from $787 million in the same period last year, according to documents viewed.

AI Power Needs Drive Market Demand The surge in AI revenues signals expanding power needs for high-density data centers.

Read Also: Stock Market Futures Mixed: Dow Futures Slips, Nasdaq 100, S&P 500 Rises as Fed Rate Hike Odds Drop to 30% for September—SanDisk, Micron, HIVE Digital in Focus On Friday, Bloom Energy stock traded higher as traders leaned into data center energy demand tied to expansion at CoreWeave, which uses solid oxide fuel cell systems for on-site power.

CoreWeave posted second-quarter results beating Wall Street estimates, reporting $2.58 billion in revenue and a $104 billion backlog.

Bloom Energy Technical Levels To Watch From a trend perspective, BE is still in a strong longer-term uptrend, trading 29% above its 200-day SMA ($184.56), even after cooling off from the June peak.

The stock is also 12.5% above its 20-day SMA ($211.48), but it remains 3.7% below its 50-day SMA ($247.24), keeping the near-term picture more "repair mode" than breakout.

RSI is the cleaner momentum read right now: at 50.91, it's basically neutral, suggesting the stock isn't stretched and is more likely in a digestion phase than a momentum chase.

In plain English, RSI helps gauge whether buying or selling has become overdone; a mid-range reading often lines up with range trading and "prove it" price action around key levels.

The moving-average structure is mixed: the 20-day SMA is below the 50-day SMA (a bearish short-term crossover), but the 50-day SMA is still above the 200-day SMA, which keeps the longer-term trend constructive.

Key turning points also frame the current setup—BE put in a swing high in June and a swing low in July, so traders are watching whether this bounce can build a higher low and start pushing back toward that June supply zone.

BE Price Action: Bloom Energy shares were up 5.29% at $242.10 at the time of publication on Monday, according to Pro data.

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