How AI bubble story is playing out inside one booming energy stock
Bloom Energy power storage equipment, San Ramon, California.
Smith Collection | Gado | Archive Photos | Getty Images
A million bubbles were swirling inside each glass of Champagne poured on New Year’s Eve — which seems about like the number of times artificial intelligence bubbles have been mentioned by tech investors, economists and media pundits in recent months.
Bubble fears surrounds 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. Data centers are expected to require roughly $7 trillion in capital outlays by 2030,…
