Fermi, a data centre real estate start-up co-founded by ex-US energy secretary Rick Perry, surged 55% on its Nasdaq debut, raising over $682 million. The company plans to build the world's largest energy and data campus in Texas, leveraging nuclear, natural gas, and renewable energy sources to support the AI industry, amid a surge in energy-related stocks and significant interest from international investors, especially in London.
Oil prices rose following Israeli strikes on Iranian energy facilities, with potential for further increases if Iran responds by closing the Strait of Hormuz, a critical energy transit route, which could significantly disrupt global oil supplies and raise prices.
Jim Cramer warns investors about Annaly Capital Management Inc., a high-yield stock with a 14% annual yield, calling it a trap due to its poor performance. Instead, he suggests three dividend plays that Wall Street finds attractive: Realty Income Corp., a REIT with a 5.1% annual yield; FirstEnergy Corp., an electric utility with a 4% annual yield; and Energy Transfer LP, which owns a large portfolio of energy assets and offers a 9.7% annual yield.
