BEZ is trading at $6.87, up +6.51%, as hotter-than-expected September CPI renewed concerns about higher-for-longer rates and financing pressure on AI infrastructure stocks, likely weighing on Bloom Energy and supporting the inverse ETF.
- BEZ seeks -200% of Bloom Energy’s daily move, so weakness in Bloom can lift the ETF.
- Bloom shares were lower premarket after closing October 15 at $236.30, despite Oracle reaffirming Bloom’s Project Jupiter role.