This 'picks-and-shovels' AI play is breaking out of resistance after seven years, the charts show

After seven years of trying to break through resistance, Bloom Energy (BE) has finally done it. Bloom Energy is known as a "picks-and-shovels" infrastructure play for the booming artificial intelligence build-out. Prior to the AI-boom, BE was focused on being a clean distributed power provider for businesses that needed reliability and lower emissions. Now, BE provides on-site power generation boxes (sometimes called Bloom Boxes) that supply always-on electricity with lower carbon emissions than the grid, that can also run on hydrogen with zero emissions, to hospitals, factories, utilities, and — you guessed it — also to data centers. In fact, Bloom just signed a deal with Oracle to supply power to their data centers. AI data centers are power hogs. Training and running large AI models req