Fermi's Nasdaq Debut Boosts AI and Data Center Valuation to Over $19 Billion
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.