Bloom Energy Retreats 4% as AI Power Trade Unwinds; Caterpillar Slides 3%, Generac Slips
Source ↗
👁 0
💬 0
The post Bloom Energy Retreats 4% as AI Power Trade Unwinds; Caterpillar Slides 3%, Generac Slips appeared first on 24/7 Wall St..
Artificial intelligence’s power trade is slowing down, and Bloom Energy (NYSE:BE) shares are taking the hardest hit among the equipment makers tied to data center electricity demand. Bloom Energy stock is down 4% to $229.83 in afternoon trading, trimming a rally that still leaves it up 165% year to date (YTD).
Meanwhile, Caterpillar (NYSE:CAT) shares are down 3
Artificial intelligence’s power trade is slowing down, and Bloom Energy (NYSE:BE) shares are taking the hardest hit among the equipment makers tied to data center electricity demand. Bloom Energy stock is down 4% to $229.83 in afternoon trading, trimming a rally that still leaves it up 165% year to date (YTD).
Meanwhile, Caterpillar (NYSE:CAT) shares are down 3
Comments (0)