Missed Nvidia’s 1,090% rally? A lot of people did, and now they’re also asking whether Fluence Energy stock could be the AI stock that’s next in line for a run like that. The company just landed a new Nvidia AI partnership, and it’s already standing among a small group of AI infrastructure stocks getting real attention from data center builders right now. At the time of writing, Fluence shares are up sharply on the news, and investors who missed Nvidia’s 1,090% rally the first time around are trying to figure out if this one is worth chasing too.
Why Fluence Energy Stock Could Become The Next AI Infrastructure Winner
The Nvidia AI Partnership Behind The Surge
For anyone who missed Nvidia’s 1,090% rally, it helps to know Fluence isn’t a chip company at all, it’s a battery company, and that’s kind of the whole point of this story. Fluence Energy started out in 2018 as a joint venture between Siemens and AES Corp, and it went public in 2021. It builds modular, utility-scale battery systems, and also the software that keeps the grid stable for industrial, commercial, and utility customers alike.
On June 1, Fluence joined Siemens and nVent Electric in a new Nvidia AI partnership built around a reference architecture for Nvidia’s DSX Vera Rubin NVL72 platform. The design supports AI data center facilities with up to 136 megawatts of capacity, and Fluence is folding its Smartstack battery platform right into the electrical architecture, where it acts as a kind of shock absorber for the wild power swings that GPU clusters create. Fluence is also, at the time of writing, the only named battery storage partner across all seven infrastructure designs inside the Nvidia ecosystem, and that’s a pretty rare spot to be in given how crowded this space has gotten. Investors who missed Nvidia’s 1,090% rally back in 2022 are now watching Fluence’s stock chart with a similar kind of urgency.
None of this happened by accident either, and it’s exactly the kind of deal that draws attention from people who missed Nvidia’s 1,090% rally the first time and don’t want to miss whatever comes next.
Jeff Monday, Chief Growth Officer at Fluence, had this to say:
“Our Smartstack platform is central to this new architecture, transforming the grid into an accelerator for compute.”
What Officials Behind The Deal Are Saying
nVent’s part in the Nvidia AI partnership is mostly about keeping things cool, and the company is leaning on its experience deploying more than 2 gigawatts of liquid-cooling capacity around the world to pull it off.
Sara Zawoyski, President of nVent Systems Protection, said the company’s operational experience allows it to:
“translate reference architectures into deployable thermal solutions that perform reliably from day one at this scale.”
Barclays analyst Christine Cho, who covers Fluence, has also pointed to the deal as a way to open up a pretty sizable new sales channel for the company, and she’s flagged that it could support Fluence’s higher margin, recurring software business over time too. That’s part of why analysts keep circling back to Fluence whenever the conversation turns to who missed Nvidia’s 1,090% rally and where the next opportunity might actually be hiding. Wall Street desks are still debating whether Fluence becomes the AI stock that’s next after Nvidia, and nobody’s fully settled on an answer yet.
Also Read: Is Nvidia Stock a Bargain While AMD Surges 150% and Intel 256%
Is Fluence Energy Stock Worth The Risk
Fluence Energy stock jumped more than 40% intraday when the news came out, and that kind of move always draws a crowd, but buying in right now isn’t exactly risk-free. Competition is picking up, and Tesla, along with a handful of other domestic manufacturers, has been repurposing idle factory space to build its own utility-scale batteries. Fluence has also dealt with years of cash burn and pretty thin gross margins, and that’s the sort of thing that doesn’t go away overnight just because of one big partnership announcement. That kind of risk is part of the calculation for anyone who missed Nvidia’s 1,090% rally and is now chasing the next big infrastructure story. It’s the same debate playing out across a lot of AI infrastructure stocks right now, and Fluence is just one piece of a much bigger puzzle.
Even so, the Nvidia AI partnership puts Fluence’s technology right into the design of new AI factories, and some analysts covering the stock think earnings could start improving as soon as 2027. For anyone who missed Nvidia’s 1,090% rally and is now looking across the wider group of AI infrastructure stocks for whatever comes next, Fluence Energy stock is one name that keeps coming up, mostly because it connects so directly to how these AI data centers actually pull their power. Whether Fluence turns into the AI stock that could be next is still an open question, and a lot of that answer will come down to how far this Nvidia partnership actually scales from here, and whether Fluence can keep pace as more hyperscalers sign on.