Bloom Energy, the fuel-cell maker that has grown on data-center demand, beat earnings expectations by 36% and revenue expectations by 15%. Such a beat would usually lift the stock after results, but that has not happened for Bloom Energy.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on MarketWatch ↗
Keywords
earningsdata centersartificial intelligence
Open a keyword to see other news on the same topic.
Related news
- If I Could Only Buy 1 AI Stock in November After This Sell-Off, It Would Be This One.
Last week, several AI stocks fell sharply: Oracle dropped about 9%, Super Micro Computer lost 23%, and Astera Labs (ALAB) fell over 15% despite having no borrowings and about $1.25 billion in cash and short-term investments. The author argues Astera was dragged down by concerns over data center spending, not by any change in its business. In October, the company launched Aries 7, a PCIe 7 signal-conditioning lineup, and Orion, a rack-scale reference design that lets cloud providers swap GPUs or CPUs without redesigning the rack, with what the company calls significantly lower upfront capex. The article cites risks including a high trailing earnings multiple, the chairman's sale of $51 million of shares in September, and reliance on a short list of hyperscale customers. Astera reports third-quarter results on Nov. 3, and the author says they would buy in November and hold through the next product cycle.
- META Q3 deep dive: AI investments drive engagement, legal costs hit margins, Muse launches
Meta Platforms reported third-quarter 2026 revenue of $64.6 billion, up 26.1% year on year and above analyst estimates of $63.35 billion, while adjusted EPS of $7.40 beat estimates by 8.8%. Midpoint revenue guidance for the next quarter is $74.5 billion, above estimates of $73.61 billion. Operating margin fell to 20.1% from 40.1% a year earlier, weighed by a $9.9 billion legal charge tied to a multi-state attorneys general agreement and higher spending on data centers, cloud infrastructure and third-party AI tokens. Management said the Muse personal agent has more than 10 million users in the US and Canada, with about 25% of those who set it up using it on any given day, mainly for shopping. The company plans to expand Muse globally, sell AI services to businesses and shift Reality Labs investment toward AI-powered hardware such as Meta Glasses.
- Does Super Micro's Big Quarter Make Nvidia Stock a Buy?
Super Micro expects fiscal Q1 2027 revenue of $18.5–19.5 billion, far above its previous $14.5–15.5 billion outlook, due to strong demand for AI platforms; the figures are preliminary and unaudited. The author argues this strengthens the case for Nvidia, since Super Micro puts Nvidia's Blackwell platforms first in its AI lineup, and Nvidia has beaten its own revenue outlook in each of the last two quarters. Nvidia forecasts fiscal Q3 revenue of $108.0 billion (±2%), while its data center revenue rose 117% year over year to $89.0 billion in fiscal Q2. The stock, near $220, trades at about 14 times analysts' average fiscal 2028 earnings estimate, and the article notes growth could fade fast if the largest AI spenders pull back.
- SpaceX swings to profit on AI infrastructure boom, but capex bill is climbing
SpaceX swung to a $4.4 billion profit in the third quarter from a $1.1 billion loss, with its AI infrastructure segment reporting $7.6 billion in revenue versus a $6.5 billion Street forecast. The company now targets 13 gigawatts of compute by the end of 2027, up from 1.7 gigawatts at quarter end, and guided fourth-quarter capex to $35 billion to $40 billion, roughly double the third quarter's $19.6 billion; UBS estimates reaching 13 gigawatts needs about $350 billion in total spending. Swissquote's Ipek Ozkardeskaya argues SpaceX's funding capacity could be an edge, noting its 2033 bond yields less than half the almost 15% yield on CoreWeave's 8.5% bond due 2032. Starlink added 1.6 million subscribers, below UBS's 2.3 million forecast, while average revenue per user fell 17% to $69. UBS kept its Buy rating and raised its price target to $230, while special committees are evaluating a possible Tesla combination, which Musk says is by no means inevitable.
- Bloom Energy Is Down 36% From Its June Record. Should You Buy Before Thursday's Report?
Bloom Energy shares closed at about $223 on October 20, down roughly 36% from their June 22 record close of $345.85, but still up about 156% this year as AI data centers use its fuel cells for on-site power. The company reports third-quarter results after the market closes on Thursday, October 22. Bloom has raised its 2026 revenue outlook twice, most recently to $3.9–4.2 billion after second-quarter revenue of $1.07 billion. However, the guidance implies only about $1.04–1.19 billion per quarter in the second half, slightly below the second quarter's total. The author calculates the stock at about 82 times expected 2026 earnings using the midpoint of management's adjusted EPS forecast, and believes the valuation already prices in much optimism. The author would reconsider if the new forecast shows second-half revenue clearly above the second quarter's $1.07 billion.
- Super Micro sees quarterly revenue soaring on AI server boom
Super Micro Computer expects first-quarter revenue of $18.5 billion to $19.5 billion, well above analysts' average estimate of $15.23 billion and its prior forecast of $14.5 billion to $15.5 billion, as demand for AI data center servers surges. It now expects gross margins of 12% to 12.5%, up from 10.4% to 10.8%, mainly due to customer and product mix. Shares rose 11.3% in after-hours trading, while Dell and HPE gained 3.5% to 4.9% and Nvidia rose 1.5%. Microsoft, Google, Amazon and Meta are expected to spend more than $700 billion on AI infrastructure this year.
Related markets
Latest news
- HSBC rolls out its first stablecoin to over 3 million everyday app users
HSBC has launched RedCoin (RCHKD), its first stablecoin, on its PayMe app, letting more than 3.3 million users send money to friends and family and pay at over 100,000 merchants. Users will be able to activate a stablecoin wallet in the app over the coming days. RedCoin will be fully backed by high-quality liquid assets held in separate accounts. The rollout follows the Hong Kong Monetary Authority's April decision to grant its first stablecoin issuer licenses to HSBC and Anchorpoint Financial, a Standard Chartered-led venture. HSBC plans to add a RedCoin wallet to its Hong Kong mobile banking app later this year, allowing customers to buy tokenized investment products, including a new share class of its existing Hong Kong dollar money market fund.
- TCEX takes another step forward in its crypto-asset licensing roadmap
TCEX received approval from the Cybersecurity Department (Ministry of Public Security) on 23/10/2026 for its level-4 information system security proposal, per document No. 5490/BCA-A05 dated 12/10/2026. The milestone meets one of the key technology requirements to take part in the pilot crypto-asset market under Resolution 05/2025/NQ-CP. TCEX directly controls and operates core systems in Vietnam, including order matching, asset custody and transaction monitoring, with encryption keys stored domestically and multi-party signing. The company was established on 05/05/2025 with TCBS as a founding shareholder and was confirmed on 04/05/2026 to have met the first-round document requirements under No. 5547/BTC-UBCK. It is now completing the remaining second-round conditions and says it aims to meet international standards such as ISO 27001, SOC 2 and CCSS.
- The Hardware Ceiling: ByteDance, Alibaba, and Tencent Bet $35B on the RTX PRO 5500
According to a Reuters report from October 20, ByteDance, Alibaba and Tencent have together placed orders for over 3 million export-compliant NVIDIA workstation GPUs, with a combined list price above $35 billion, which the article says is double the global production cap. Total Chinese orders for the RTX PRO 5500 have exceeded 6 million units, a potential market value of over $70 billion, yet NVIDIA has told partners it can fulfill only 5-10% of requested volume. The global production cap for the RTX PRO 5500 is 3 million units for 2027, so even diverting all global output to China would fall short. The Blackwell-based card has 21,760 CUDA cores and 84GB of GDDR7 memory, and its export compliance lets it serve as a legal high-performance compute option in China. The article argues that silicon has become the primary point of control in the AI race, so deploying large-scale models increasingly depends on hardware procurement.
- The License Countdown: Mistral Large 4 and the $20M Question
Mistral Large 4, a 1-trillion-parameter model announced in public preview on October 6, had not published its weights or commercial license as of October 23, Day 22 of the 31-day window the company set for an end-of-month release. Hugging Face model cards still show 'Coming soon' for both fields. Industry reports suggest Mistral may move from the permissive Apache 2.0 license used for Mistral Large 3 to a custom framework, joining the 'Club of Four' of StepFun, Meta, Moonshot AI and DeepSeek, which recently set a $20 million monthly revenue threshold for commercial use. Under this model, a model can be downloaded but deployment limits apply once a licensee reaches significant scale, so a business with volatile revenue could exceed the threshold after one strong quarter. The article argues that this turns model selection into a procurement risk, and that the license terms will matter as much as the benchmarks.
- Nasdaq, Dow, S&P 500 Futures Drop Premarket: NVDA, AMD, META, CRWV, MRNA, WDC, BE In Focus
U.S. stock futures slipped premarket on Friday after a sharp chip-stock sell-off raised concerns that the AI trade could lose near-term momentum, with Dow futures down 0.60% and S&P 500 futures down 0.23%. On Thursday, the S&P 500 fell 1.2% and the Nasdaq 100 fell 2.9%, while oil rose amid escalating geopolitical tensions, with Brent crude around $114 a barrel. Meta Platforms dropped more than 7% after raising its annual AI spending forecast and planning to issue new shares, while Nvidia fell 4.4%, and CEO Jensen Huang said there is a scarcity of capital for AI infrastructure. CoreWeave (CRWV) hit a 17-month low of $53.50 on concerns over debt, and Moderna (MRNA) plunged nearly 18% to $202.63. Before the open, SK Hynix rose almost 5% and Western Digital fell about 2% despite beating fiscal first-quarter earnings expectations.
- Cysic dangles a 10% bounty, hacker pours loot into Tornado Cash
The wallet linked to the Cysic bridge exploit sent about $744,000 in ETH and BNB to Tornado Cash on Friday, after the Cysic Foundation offered the attacker a 10% bounty in exchange for returning 275.872 ETH (about $665,000). PeckShield data show the address transferred 300 ETH and 30.4 BNB. The hacker exploited a bridge vulnerability to mint 10 million CYS tokens on BNB Smart Chain; Cysic suspended the bridge, blacklisted the recipient and froze about 2.8 million of the new tokens. The foundation said its mainnet and existing user assets were unaffected. Tornado Cash pools deposits from many addresses, making the funds harder to trace, and the attacker's Ethereum wallet held just $45 in ETH at press time.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.