By Ben Levisohn

CoreWeave struck a megadeal with Meta Platforms -- but Bloom Energy stock may be the big winner.

According to a press release, CoreWeave will provide Meta with artificial-intelligence cloud capacity through Dec. 20, 2032, in exchange for $21 billion. The dollar amount includes the $14.23 billion from a previous deal.

The news hasn't done much for CoreWeave stock, which has been volatile on the news -- it was up early, then down, before turning flattish. It was up .4% at $89.25 at 11:15 a.m. Meta, meanwhile, was up 3.1% at $631.63.

The big winner from the deal, however, might be Bloom Energy. Evercore analyst Nicholas Amicucci notes that the length of the contract and the size of the project, which will likely use some of Nvidia's Vera Rubin platform, will require 800 volts direct current, a new configuration designed to power data centers. That "only enhances the rationale for Bloom's fuel cells to be leveraged," he writes.

Power stocks generally should also get a boost from the letter to shareholders written by Amazon CEO Andy Jassy, who argued that AI was not a bubble -- and that spending would continue.

"While the expanded agreement is an idiosyncratic positive for Bloom, this coupled with commentary from Amazon's shareholder letter...should allow the momentum from yesterday's 1ceasefire trade1 to continue for power related names, in our view," Amicucci writes.

Amicucci may be on to something. Bloom Energy stock was up 8.3% in later-morning trading.

Write to Ben Levisohn at ben.levisohn@barrons.com

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April 09, 2026 11:58 ET (15:58 GMT)

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