Oracle jumps, Bloom Energy soars 20% on AI datacenter power deal
A trader works at the New York Stock Exchange (NYSE) after the opening bell on January 7, 2026 in New York.
Timothy A. Clary | Afp | Getty Images
SeerIts shares rose more than 4% on Tuesday as software stocks rebounded for a second session and the company expanded its capacity deal. Blooming Energy.
Bloom shares rose 22%.
The rally built on a broad rally in software stocks on Monday, which pushed Oracle up nearly 13%. HubSpot, sales forceAnd ServiceNow gave up previous gains.
Software stocks have fallen over the past few months as concerns grow that new AI tools will disrupt business models. The sales also increased concerns that the risk of default would increase in private loans, one of the sector’s major credit providers.
Oracle expanded its capacity partnership with Bloom Energy on Monday, just days after receiving a $400 million purchase order from the fuel cell energy company’s stock.
As part of the deal, Oracle plans to supply up to 2.8 gigawatts of Bloom’s systems as they race to meet rapidly growing data center energy demand.
The software giant has already raised over $100 billion in debt to support its data center scaling, a massive AI build, and is a key technology partner in the Stargate project.
Oracle shares are down 15% this year.
— CNBC’s Jordan Novet contributed to this story.
