Oracle’s Force Majeure Notice on Project Jupiter: Why Bloom Energy Continues To Rise?

Oracle Corporation (NYSE:ORCL) has issued a force majeure notice on Project Jupiter, its New Mexico AI data center campus. The project includes Bloom Energy Corporation's (NYSE:BE) largest single fuel-cell deployment, covering up to 2.45 gigawatts within a project expected to involve up to $165 billion of investment over its life. The announcement sent Bloom Energy shares down more than 5%. The stock has not only recovered well, but also continues to attract investors. Citadel Securities' Ken Griffin has been quietly loading up on the stock in the last 4 quarters. Bloom Energy has already surged on the AI power boom, but can that boom really justify an $85 billion valuation?