There are life-changing returns being

made investing in the AI market right

now. And when it comes to investing in

AI, there's seemingly nobody better than

Leopold Aschenbrenner, who is a fund

manager who has taken the investing

world literally by storm. This guy's

only 24 years old, and he has managed to

really figure out, predict where the AI

bottlenecks are, and investing in those

companies ahead of massive runs. Now,

what we're going to do today is I want

to talk about a specific stock that he

has recently just purchased. It's

actually one of his core positions, and

he announced this in his recent 13F

filing. I've done a deep dive into this

company, and I will reveal the position

that he's actually acquiring, and

actually look into what he might be

seeing with this company. For those

unfamiliar with Leopold Aschenbrenner,

he has become one of the most closely

watched investors in the AI space. After

his time at OpenAI, he went to launch

Situational Awareness LP, which is a

fund that has attracted enormous amounts

of attention from investors for its

AI-focused investment strategy and rapid

growth. Here's Leopold Aschenbrenner's

performance from Q4 2024, his 13F

filings, and as you can see, his AUM has

absolutely exploded, and now it's over

$13 billion.

What really put Leopold on the map was

his ability to identify major AI

infrastructure trends before they became

mainstream. So, back in 2024, right, he

published a series of essays arguing

that the market was dramatically

underestimating both the scale of AI

investments that was coming, and also

the speed at which artificial

intelligence and general intelligence

could develop. AGI is basically his

biggest prediction because he says that

by 2027, which is only next year, that

AGI is going to be a thing. And for

those that don't know, that basically

means artificial general intelligence.

Since then, several of his highest

conviction investments have delivered

exceptional returns. Companies like

SanDisk, Bloom Energy, they have become

standout winners as investors began to

recognize the same bottlenecks that

Leopold had been highlighting for

literally years. So, he was super early

on a lot of these trends. And that

brings us to the company that we're

going to be discussing today, which is

Bloom Energy. If you follow Leopold's

investment philosophy, you'll know that

he spent a lot of time thinking about

bottlenecks. And right now, few

bottlenecks are more important than

energy. As AI data centers continue

expanding, the demand for reliable

electricity is exploding, making energy

infrastructure one of the most critical

pieces of the entire AI story. Bloom

isn't a typical AI stock, but the

indirect profit they're making is

actually very powerful.

>> And this one is really fascinating

because it's not really a traditional AI

stock at all. Bloom Energy does not make

GPUs. It does not build AI models. Well,

it does not run a chatbot. Bloom makes

fuel cell systems that can generate

power on site. And that might sound

boring until you understand one

important thing. The biggest bottleneck

in AI, entire AI, might not be chips.

Right now, it might seem like chips are

really important, but it's not going to

be chips forever. The real bottleneck is

likely electricity. Power. How much

electricity can AI data centers and all

these demands actually consume? It's

enormous. And the bottleneck is clearly

electricity. So, because AI data centers

are basically giant electricity-eating

machines, and that's kind of unfortunate

for the environment and other things,

but here as investors, you know,

financially, they are electricity-eating

machines. And the economy, GDP,

governments, politicians, etc., they

want to expand this technology, right?

So, if you look at the bottleneck, the

grid, it cannot move fast enough. You

cannot have really enough land to power

these big, huge energy costs. So, at the

end of the day, you can have customers.

You can have tons of demand. You can

have tons of chips. But if you cannot

get enough energy, if you cannot get

enough power, none of that really

matters. That is why Bloom is really

important right now. So, I see why

Leopold has this as a major position in

his fund. Bloom is becoming a way for AI

data centers to bring their own power.

And recently, the story changed because

Bloom is starting to get real data

center traction. We've seen partnerships

and projects tied to companies like

Coreweave, Oracle, Brookfield, and

Nebius. The stock has moved like

investors just suddenly realized, wait,

power is not a a issue. Power is the

main issue. Power is the AI trade. The

biggest reason investors are excited is

that Bloom could become one of the key

solutions for time to power. That phrase

matters. Not just cheap power, not just

clean power, which matters. Time to

power. If a company can get a data

center running one or two years faster

because it uses on-site power instead of

waiting, you know, forever for a grid

upgrade, that is incredibly valuable.

Time is money. You might not make a lot

of money on, you know, a small amount of

capital, but a data center it can be,

you know, hundred million plus dollars,

right? So, when you have one or two

years that's faster and you put an

interest rate on that like 15%, that's

tens of millions of dollars, right? Not

to mention cash flows come sooner. So,

cash today is more valuable than cash

tomorrow. So, the biggest reason

investors are skeptical, though, is also

kind of obvious. Fuel cells have

disappointed investors before and the

industry has had some, you know, hype

cycles. The technology can be very

expensive and a lot of Bloom systems

still depend on natural gas. Even if

fuel cells are cleaner than

alternatives, this is not some magical

carbon-free solution in every case. So,

when I was looking into Bloom Energy, I

know it's very popular in terms of

retail investors right now, but really

to me, there is also a scale question.

It is one thing to power a smaller site,

it's another thing to power enormous AI

campuses that need hundreds of megawatts

or even gigawatts over time. So, the

bull case is that Bloom Energy becomes

the picks and shovels power provider for

AI data centers and that very well may

happen to some degree and the CEO

Sridhar is huge part of the story. His

background is actually amazing. So,

before Bloom, he worked in technology

connected to producing oxygen on Mars.

He was a professor, he worked with NASA

and then he co-founded Bloom to bring

fuel cell power generation to basically

worldwide. So, I think that, you know,

great mission, great background. I

really like to look into CEOs, that's

very important. So, I think that Bloom

Energy is a really interesting pick

within Leopold's portfolio and I'm

considering I'm going to do some further

research into how much of a position

size I want to enter into my portfolio.

So, this is really a great founder

market fit story. That's also what I

like about Bloom because Bloom is not

some company that pivoted into AI last

week. It has spent decades building a

very specific energy technology. AI just

created the urgency that they finally

make the business model work at scale.

So, what has to go right here for Bloom

Energy and, you know, why is Leopold

likely holding the stock? Well, data

centers need to keep demand fast,

reliable, and on-site power. Bloom needs

to prove it can deploy at a much larger

scale. Margins need to hold up and

customers need to decide that paying for

Bloom systems is worth it because the

alternative is waiting too long for grid

power. So, let's talk about kind of what

could go wrong. But, one of my goals

here at Invest with Henry and what I do

in my one-on-one coaching is, you know,

it's pretty simple to look at option

strategies. It's pretty simple to really

understand which companies could

benefit. But, it's another thing to

really understand risk management, how

much to have in certain positions, when

to cut positions, and saving money is

just as important as making money. So,

that's really what I focus on. So,

here's one of the things that I looked

into with Bloom and what could go wrong.

And there's kind of a lot. Natural gas

turbines could be cheaper. Utilities

could speed up grid connections. Smaller

modular nuclear could become a long-term

competitor. Battery storage could

improve. Local communities could still

push back. And if Bloom cannot deliver

at scale, customers that really need it

to be at bigger scales, well, the story

could break down. So, the market might

be missing that Bloom is not only

competing on energy cost, it is also

competing on speed, which right now does

look very positive. So, overall, I see

again, Leopold has this as a major play

because it has a lot of volatility,

which means that it may have asymmetric

upside. If a data center owner can

generate revenue sooner because Bloom

helps the site organize and get energy

faster, then the economics are not just

about cents per kilowatt-hour. They're

also about time. So, there's two really

big factors working here. The biggest

competitors are GE Vernova, Siemens

Energy, Caterpillar, Cummins, uh Doosan

Fuel Cell, Plug Power, um Ballard, and

there is other competitors. Bloom's

advantage is modular on-site deployment.

So, it can be installed closer to the

load. It can reduce dependency on the

grid queues, and it can be positioned as

a lower water, lower emission

alternative to some traditional power

setups. So, what does Leopold see here?

What would make Bloom a monster winner?

What would make this opportunity so big

that can help him go from 1 billion to

5.5 billion once? Can he, you know,

basically, turn his fund from 5.5

billion now into 20 billion, right? How

does he do that again? And why is he

looking at Bloom? Well, if on-site power

becomes standard for AI campuses, and

Bloom becomes one of the default

vendors, that would turn Bloom from a

clean energy turnaround story into a

core AI infrastructure company. Simple

as that. And that asymmetric upside

would yield investors a very, very

handsome profit. So, check this out.

Over the last 6 months, Bloom is up

270%.

Now, seeing a stock go up is one thing.

Obviously, Bloom Energy has gone up a

lot. It was probably a very risky bet

because many investors didn't really

understand this company, and this

company has very significant volatility.

But, the more important question is, why

did Leopold see this opportunity before

the rest of Wall Street? How did he do

it? I mean, is he like Nancy Pelosi or

something? Well, sort of kind of. I

mean, this guy definitely has some

information that us regular investors

probably don't have, allegedly. Not

really sure, but I think from a research

angle, what Leopold noticed is that

everyone was focused on the sexy part of

AI. Everyone was essentially chasing

Nvidia or the next model or the next

chatbot or whatever the next

breakthrough would be. But, if you're a

Meta, Microsoft, Amazon, or OpenAI,

well, eventually, if you think about

those big companies, then he realized

that they were going to run into a very

practical problem, right? Where are you

actually going to put all of these GPUs?

You can order these chips, you can raise

the capital, you can hire engineers. I

mean, there's lots of engineers for

hire, but you can't magically just snap

your fingers and create 500 megawatts of

electricity, right? So all these

hyperscalers, yeah, they're buying GPUs,

they're investing money, and video is

making tons of revenue, but what else is

like the problem? And the practical

problem is electricity. So what I think

Leopold understood is that Wall Street

was acting as if power would simply show

up if needed. He basically looked at the

problem, he was like, "There is a

problem here that we're going to get

into that nobody's really realizing

here, right?" So in reality, utilities,

they move very slowly, right? So permits

take years, transmission lines take

years, substations, those take years.

The grid was designed for a very

different world, okay? So utility

companies, they're not meant to adapt

very fast, and they can't just increase

the amount of electricity that they can

produce overnight, and that doesn't even

happen in weeks or months, either. So

meanwhile, AI companies are trying to

deploy capacity in weeks and months,

right? Because that's kind of like, you

know, slow scaling, like kind of like

the old world. Now, with this AI

revolution and AI momentum, companies

need electricity, and that is a demand

that was not really foreseen into the

future, right? We have this new AI

machine, which only 4 years ago, ChatGPT

was pretty much a thing. So right now,

what's happening is Leopold noticed that

the bottleneck is going to be

electricity. So that's the mismatch and

timing opportunity. If a data center

operator can generate power on site and

avoid waiting several years for utility

upgrades, that solution suddenly becomes

worth a lot more money than investors

might have initially thought of. So the

market was focused on who would build

intelligence, but Mr. Aschenbrenner

Leopold has basically appeared to have a

different thought process, and he was

asking a different question. And the

question was, who is going to power all

of these GPUs? The question that you're

probably wondering, though, this is like

an even bigger question, is whether Mr.

Leopold was early or whether he is still

early, right? because as an investor,

you're thinking, "Does this opportunity

still make sense?" And to be honest,

well, Bloom Energy is no longer some

hidden stock. It's obviously up like

hundreds of percent over the last 6

months. This company has ballooned in

value. A lot of investors have realized

that this is probably a smart play, or

maybe many investors just piggybacking

off of one of the best AI investors, you

know, potentially of all time. I mean,

this guy's only 24 years old and what he

did with his fund is absolutely insane.

I mean, this guy's way younger than, you

know, Mr. Uncle Henry right here and

he's got me blown out of the water

completely. So, looking at Bloom Energy,

I've done a lot of research and this

market cap is under a hundred billion

dollars. So, the big question is, does

Mr. Aschauer Brenner still see an

opportunity here? Does he still think

that this company could still go up? And

I think a lot of investors right now are

looking at the chart and saying, most

likely I missed it. But, I don't think

Leopold is buying Bloom because of what

happened over the last six months. The

stock is up a lot, but it's probably not

that short-term folk, right? As we seen

in his 13F filing most recently, he

still has a really large stake in this

company. He's most likely buying it

because of what he believes could happen

over the next five years. I haven't

really seen this guy going in and out of

stocks like dramatically like short-term

trading. I actually see Leopold making

long-term bets on bottlenecks, which is

what I really like because as an

investor, if we're actually looking to

learn how to make smarter choices, then

it's really going to be from someone

that has more of a long-term kind of

plan versus someone that's in and out.

Because if someone's in and out, that's

not really a repeatable process that we

can even learn from. So, if he's right

about AI infrastructure spending, which

I personal opinion is I think AI

spending is only going to go up, then

you can see Bloom Energy is most likely

still in the very early innings. Most of

the data centers that will be built for

the AI revolution haven't really even

been structured yet. A lot of them are

still going to be built. So, many of the

largest projects are still in the

planning stages. That means that

electricity demand is only going to go

up one way, which is probably up. So, in

other words, Bloom stock may be up

hundreds of percent, but the actual AI

power build out may only really be

getting started, right? Five years from

now, we might see a lot of these AI

stocks that Leopold has in his

portfolio. And by the way, if you want

to see his top five holdings, that's a

video that I recently made. I'll link it

down below or at the end of this video.

But, if I look at a lot of those

companies, it makes a lot of sense

because AI build out is still pretty

much in the process. The risk though, of

course, is that expectations have become

extremely high and the stock is no

longer cheap, which I'll be honest with

you, it does not look cheap. Investors

now understand the AI power story, the

future returns will likely depend very

much so on Bloom actually delivering the

growth the market is expecting. So,

Bloom is not really an undiscovered

stock, but I still think investors are

going to be discovering it over the next

6 months, 12 months, and 5 years. And

right now, Leopold has a really massive

stake in Bloom Energy. So, is Bloom

still a buy in, you know, my opinion?

Well, my view is that the easy money has

already been made. So, if you're looking

for that, you're probably too late. But,

going from the hidden idea to a

recognized AI infrastructure play does

not make this overvalued either. So,

this is not an overvalued stock. Maybe

the biggest gains have already happened,

but it doesn't mean that attractive

gains can't happen over the next, you

know, 12 months to, you know, 24 months,

for example. So, it doesn't necessarily

mean that the opportunity is over

either. And, you know, Leopold is

currently holding a lot of shares. So,

the real question isn't whether Bloom

Energy is up, you know, 270% in the last

6 months. The real question is whether

AI power demand is going to be five

times larger than investors currently

expect, right? Because the market is an

expectations game. So, if Leopold is

right about that, then Bloom then Bloom

could still have significant upside

ahead despite the run that we have

already seen. Personally, I think Bloom

Energy has moved from a speculative AI

infrastructure bet into an execution

story. So, right now, we're going to

have to see Bloom Energy actually

execute. And that next chapter will be

driven by investors discovering the

company. It will be actually driven by

whether management can continue

converting this AI demand into real

revenue, real cash flow, and, you know,

hopefully lots of earnings on the

downstream for Bloom Energy. If you want

to see how I'm trading Bloom and how I'm

using my momentum indicators to get into

stocks and when I believe they're a good

time to purchase these stocks, you can

check out the first link in the

description. And if you want to see the

top five holdings that Leopold

Aschenbrenner has, then you can check

out this video right here that I

recently made.