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Oracle and Bloom Energy Surge on AI Data Center Power Deal

On March 9, 2026, Oracle stock rose 5%, and Bloom Energy shares surged 20%, driven by a major capacity deal. Oracle announced plans to procure up to 2.8 gigawatts of Bloom Energy's systems, a move designed to meet the escalating power demands of its AI data centers. This partnership underscores the critical role of reliable energy infrastructure in the modern technology sector. Furthermore, Oracle has raised over $100 billion in debt to fund its extensive AI infrastructure expansion. The positive trading activity reflects a broader rebound in the software stock market, which had previously faced volatility due to concerns regarding AI's disruptive impact on established business models.

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Oracle and Bloom Energy Surge on AI Data Center Power Deal

Oracle stock jumped 5% and Bloom Energy shares soared 20% on March 9, 2026, following an expanded capacity partnership that addresses the massive energy needs of AI data centers.

Oracle Expands Power Partnership with Bloom Energy

The rally was fueled by Oracle's agreement to significantly expand its capacity partnership with Bloom Energy. This deal is crucial for supporting the exponential growth of AI infrastructure.

As part of the agreement, Oracle expects to procure up to 2.8 gigawatts (GW) of Bloom Energy's systems. This massive commitment is designed to meet the skyrocketing energy demands of Oracle's data centers.

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Broader Market Context and Infrastructure Scaling

The stock movements reflect a broader rebound in the software sector. Following a period of decline due to concerns over AI's impact on traditional business models, several software stocks saw gains on Tuesday:

  • Oracle: Increased by 5%.
  • Bloom Energy: Soared 20%.
  • ServiceNow, Palantir, and Applovin: Gained 3%.
  • HubSpot and Unity Software: Jumped over 4%.
  • Salesforce and Adobe: Added over 1%.

To support this massive AI buildout and data center scaling, Oracle has already secured over $100 billion in debt financing. The company remains a key technology partner in major initiatives, including the Stargate project.

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