The AI sell-off is crushing stocks of companies leading the data center build-out

What happened: AI data center suppliers fell for a second day despite strong quarters from Bloom Energy (BE) and Comfort Systems (FIX), with Credo (CRDO) sliding alongside them. Key numbers: Bloom Energy sales rose 138% last quarter and it raised its full-year outlook to Why it matters: Steve Strazza of All Star Charts said that if investors won't reward extraordinary numbers, something isn't right. Bloom's cash flow turned negative and margins aren't keeping pace with sales. Torsten Sløk argued a slower build-out should help owners of scarce capacity, but even those names are falling. Market: -0.9% today ($248.00), +9.5% YTD, 0.7x vol — as of 21:15 UTC

AI data center suppliers fell for a second day despite strong quarters from Bloom Energy (BE) and Comfort Systems (FIX), with Credo (CRDO) sliding alongside them.

Steve Strazza of All Star Charts said that if investors won't reward extraordinary numbers, something isn't right. Bloom's cash flow turned negative and margins aren't keeping pace with sales. Torsten Sløk argued a slower build-out should help owners of scarce capacity, but even those names are falling. Market: -0.9% today ($248.00), +9.5% YTD, 0.7x vol — as of 21:15 UTC