For the second straight day, shares of Oracle and Bloom Energy are jumping as the companies expand their deal.

That is the focus of today's tech check with Sima Modi.

And Michael, a nice two-for-one deal here for Oracle as it furthers its relationship with Bloom Energy.

First, the power side of things, this deal brings the total energy commitment from Bloom to nearly three gigawatts with full deployment by 2027.

Today's announcement builds on a July agreement when Oracle and Bloom first came together

to bring fuel cell technology to help power Oracle's data centers at its building across the

U.S.

There's also a financial angle, Oracle receiving a $400 million purchase warrant to purchase over

3.5 million shares of Bloom Energy at the end of last week.

With this announcement, Bloom shares are already up about 20%.

And assuming Oracle exercises the warrant, its investment is up about $300 million.

A win for the company, as it is carrying about $100 billion of debt on its books,

with free cash flow having gone negative.

But this investment, it certainly underscores how crucial energy security is becoming to the AI buildout of data centers,

finding more clean energy options like fuel cells that primarily run on heat and water.

And this deal does follow a number of other hyperscalor energy joint ventures or deals.

Take, for example, Google, its partnership with total energies.

Meta's deal with terra power and constellation energy.

As Mike, you were just discussing, Oracle up another 4%. following that 13% gain it saw just yesterday.

So the market seems to like this one.

Without a doubt. And I guess this warrant piece of the transaction, you know, it fits in that

profile of what we've talked about as circular financing to some degree, right?

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