and some of the first moves here on Wall Street, joining me now, Alex Coffey, host of Next Gen Investing is with me. So you're looking at Bloom Energy, which is short time ago, I saw was up 25%. How's it doing now? What's the big story?
Nicole
Alex Coffey
Good morning Nicole. Happy Monday. Yeah, it's a big story as you mentioned as they announced a $5 billion partnership with Brookfield Asset Management to implement a reimagined future for AI infrastructure. Stock is up 27% here in real time to kick off trading for the week. This partnership marks the first phase of a joint vision to build AI factories capable of meeting the growing compute and power demands of AI.
Alex Coffey
We also talk about semiconductor price target hikes, like Seagate and Western Digital, Nvidia and AMD up due to price target increases.
Alex Coffey
The narrative around Nvidia up 2.8% right now following the price target hike, AMD also up 2.4% following price target hike.
Alex Coffey
Downgrades seen in Intel and Texas Instruments, with Bank of America downgrading Intel due to competitive challenges, and message being cautious around these names.