Eos Energy (EOSE) Surges 11% on Increased AI Bets

We recently published 10 Stocks Gaining Double Digits Effortlessly. Eos Energy Enterprises Inc. (NASDAQ:EOSE) was one of the best performers on Wednesday.

Eos Energy snapped a three-day losing streak on Wednesday, jumping 11.13 percent to finish at $16.68 apiece, as investors took path from further investments in artificial intelligence, bolstering prospects for the utility-scale energy storage market.

This followed news earlier in the week that AI startup Anthropic successfully raised more than $10 billion in fresh funds from a recent fundraising program, valuing the company at $350 billion. Proceeds from the offer will be used to accelerate the development of AI data centers and support global expansion.

In other news, semiconductor giant Nvidia Corp. also this week acquired a $2 billion stake in CoreWeave Inc., reflecting its confidence in the latter’s business, team, and growth strategy as a cloud platform built on Nvidia infrastructure.

The investment is expected to support CoreWeave’s plan to develop more than 5 gigawatts of AI factories by 2030 and help advance global adoption of the sector.

For energy firms such as Eos Energy Enterprises Inc. (NASDAQ:EOSE), the rapid expansion of data centers could serve as a powerful growth catalyst, drive higher demand for energy storage, and reinforce long-term tailwinds for the sector.

Eos Energy Enterprises Inc. (NASDAQ:EOSE) owns and operates utility-scale battery energy storage systems, helping businesses manage unexpected power outages and congestion.

While we acknowledge the potential of EOSE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.