Fermi's AI Power Play: Wall Street Debut
Update: 2025-10-01
Description
AI Boom Drives Texas Energy REIT Fermi to Blockbuster $19 Billion Debut: Founded by Rick Perry, Fermi aims to power data centers with a mix of natural gas, solar, and nuclear energy. Despite no revenue yet, investors are betting big on Fermi's Project Matador to capitalize on the surging demand for power from AI, with shares jumping 55% on day one. Will Fermi deliver or is the market already too crowded?
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