Bloom Energy Stock Surges Up to 17% as CoreWeave Earnings Reignite AI Infrastructure Rally

Bloom Energy shares jumped as much as 17% on Wednesday, November 11, riding a broad AI infrastructure rally triggered by CoreWeave's blowout third-quarter earnings report. CoreWeave posted Q3 revenue of $3.66 billion, beating analyst expectations of $3.55 billion and representing 168% year-over-year growth, while also raising its full-year revenue forecast and reporting a narrower-than-expected adjusted loss of 95 cents per share against the $1.16 consensus. The strong results eased investor fears about CoreWeave's debt-heavy business model and signaled that demand for AI infrastructure remains robust, lifting the entire power and data-center supply chain.

Bloom Energy, whose solid-oxide fuel cells are used to power data centers directly on-site, was among the biggest individual beneficiaries of the sentiment shift. The stock had come under pressure earlier in the week amid uncertainty over AI spending, and Wednesday's gain helped erase much of that decline. Nasdaq 100 futures surged 2% in premarket trading, and the gains spread globally, with European semiconductor names including ASML up roughly 3%, Infineon advancing 6.3%, and ASMI rising 5.5%.

Among other notable movers tied to AI infrastructure, Nebius Group surged approximately 14.78% and CoreWeave itself climbed around 24%. Bloom Energy's gain of roughly 15% to 17% placed it prominently in portfolios tracked by market observers, including those attributed to investor Leopold Aschenbrenner and House Speaker Nancy Pelosi. SoftBank earnings also contributed to positive sentiment around power stocks alongside the CoreWeave catalyst.