--- title: "Bloom Energy Jumps After Musk Flags AI Power Constraints" canonical: "https://thestockmemo.com/article/bloom-energy-jumps-after-musk-flags-ai-power-constraints" markdown: "https://thestockmemo.com/article/bloom-energy-jumps-after-musk-flags-ai-power-constraints.md" type: article published: "2026-10-22T07:45:17.886348+00:00" updated: "2026-10-22T07:45:17.886348+00:00" image: "https://thestockmemo.com/media/a24b9e4b-99d2-49c1-8cec-04e98872ca63.png" tags: - "Earnings" - "Energy" - "United States" --- # Bloom Energy Jumps After Musk Flags AI Power Constraints > Elon Musk said power, cooling and infrastructure are bigger constraints on superintelligence deployment than chips, and Bloom Energy shares jumped nearly 6% in extended trading. Bloom Energy shares rose nearly 6% in extended trading after Elon Musk said power, cooling and infrastructure are the main limits on deploying superintelligence. The stock closed at $238.53 on October 21, 2026, up 7.13% in regular trading, and has climbed more than 174% in 2026 as of October 22, 2026. ## What happened SpaceX CEO Elon Musk told an investor call that power, cooling and infrastructure, not chips, are the main limits on deploying superintelligence. "As I think people are starting to realize, the constraint on deployment of superintelligence is more in power and cooling and infrastructure than it is in chips," he said. Shares of Bloom Energy (NYSE: BE) jumped nearly 6% in extended trading after his remarks. Nuclear power stocks rose less. Oklo, NuScale Power and X-Energy each climbed about 2%, while Nano Nuclear Energy gained 1.5%. The gap suggests the market tied Musk's comments more closely to Bloom Energy than to the nuclear developers. ## Why it matters Bloom Energy's fuel cells generate power directly at data centers without turbine blades or years-long grid connections, according to Shay Boloor of Futurum Equities Research. That, he said, could bring billions of dollars of idle GPUs online faster. Oracle said in April that Bloom Energy fuel cells would power its New Mexico campus, which could reach 2.45 GW, or gigawatts, of capacity. Musk said SpaceX aims to add an incremental 20 gigawatts of power and cooling infrastructure next year to keep power from constraining its build-out. He also said the plan would include "many different sources of power, not just gas turbines." If large builders look past gas turbines, on-site options such as fuel cells could draw more attention. ## By the numbers Bloom Energy (NYSE: BE) shares closed at $238.53 on October 21, 2026, up 7.13% from the prior session. That gain came in regular trading, separate from the move in extended trading. - The stock has climbed more than 174% in 2026 as of October 22, 2026. - Revenue hit $1.07 billion. - That's up 165.5% year over year. - Diluted earnings per share were $0.78 in the second quarter of 2026. - On July 28, management raised full-year 2026 revenue guidance to $3.9 billion-$4.2 billion. - Management targets a non-GAAP gross margin of about 34% for fiscal 2026. - Full-year 2026 earnings-per-share guidance is $2.550-$2.850. - Bloom Energy's market capitalization, the value of all its shares, is $70.32 billion as of October 21, 2026. - The stock trades at a price-to-earnings ratio of 318.35 as of October 21, 2026. The price-to-earnings ratio is the share price divided by earnings per share, a measure of valuation rather than a forecast of results. ## What to watch SpaceX reported 1.7 GW of nameplate compute capacity as of September 30, 2026. Its management expects that figure to reach 2.5 GW to 3 GW by the end of 2026. That target belongs to SpaceX, not to Bloom Energy's guidance. --- ## Legal notices The content on The Stock Memo is general information only. It is not investment advice, a research report prepared for you, or an offer or solicitation to buy or sell any security. Frontier Media Inc. is not a registered investment adviser or broker-dealer. Investing in securities can result in a total loss of the money you put in. Past prices and past results are not a reliable guide to the future. Statements about what may happen later can turn out differently. Prices shown here may be delayed and are not a basis for a trade. Frontier Media Inc., its staff, or people connected with them may hold positions in securities discussed on the site. Where we know of a conflict, we say so next to the relevant content. **Artificial intelligence.** Our studies and articles are produced with the help of AI systems, and the images in page headers are AI-generated symbols. Which systems we use, and who is responsible for the content, is described under [AI Disclosure](/legal/ai-disclosure). Decide for yourself. If you need advice that takes your own finances into account, ask someone who is qualified and registered to give it. Source: https://thestockmemo.com/article/bloom-energy-jumps-after-musk-flags-ai-power-constraints