The stock market recovered on Monday, after a difficult week for US equities. Technology and semiconductor stocks led the rebound, while falling oil prices helped improve market sentiment.
Overall, S&P 500 rose 2.4% to 7,550, while Nasdaq jumped 2.7% to 25,253.
Advanced Micro Devices (AMD) was a standout performer as it jumped 13%. Bloom Energy (BE) and Aehr Test Systems (AEHR) were also strong as they both rose 12%.
Chart of the Day
Here is the one-year chart of Bloom Energy (BE) as of November 5, 2026, when the stock was at $170.
The company delivered extremely strong results last quarter, although the stock declined after earnings on an AI stock selloff. It posted 527% profit growth on a 138% increase in revenue last quarter. Growth was fueled by a 179% surge in sales, driven by accelerating demand from AI and data center customers.
In the earnings call, management highlighted Bloom’s opportunity to become a key provider of on-site power infrastructure for the AI era. The International Energy Agency (IEA) projects global electricity demand to rise 40% by 2035, while the grid struggles to scale quickly and reliably support concentrated power loads, including AI data centers. Management is confident that Bloom is positioned to meet this growing demand for reliable power.
However, Bloom is not just a datacenter play. Its generators provide clean energy, which can help it grow in a new era dominated by Democrats. Earlier this week, Democrats dominated the mid-term elections, and could force a cut-back in datacenter buildouts. On the other hand, Bloom might appeal to the political party as the company is a provider of clean energy, which is better for the environment.
BE is one of the fastest growing companies in the stock market. The stock has been hammered in a tech stock selloff, and we will use this opportunity to add BE to the Growth Portfolio and Focus List.
