Fermi is an overlooked way to play AI because almost no one is watching who powers the chips. Rick Perry's company has built an 11 GW private, behind-the-meter energy grid for AI hyperscalers, with a 6 GW Clean Air Permit, a nuclear pilot, $785M in new equipment financing and a $500M MUFG loan. At $9.5, the stock sits well below analyst targets of $20 or more, and two buy signals are in play. x.com 

Fermi's first data center tenant is a massive one, making this a high-conviction setup. TensorWave signed a binding lease at Project Matador in Texas, with phase one locking in 222 megawatts and about $6.5 billion of contracted revenue over 15 years, and expansion rights could take it past 650 megawatts. Part of the lease is expected to carry a guarantee from a major AI name. Construction is 6 gigawatts into a 17-gigawatt build, first power is targeted for 2026, and volume shows accumulation. … Show more

Fermi has no revenue and is only promising a 17 MW Texas project by 2032. Its steep share-price decline looks like capital markets disciplining a speculative business. x.com 

Contracted AI compute demand makes four AI infrastructure stocks worth buying at 52-week lows. Applied Digital has a $36B backlog and expects 600+ MW online within 12 months; Cipher Mining has $8.5B+ in AI leases with payments ramping; CleanSpark has a 20-year $6.6B lease and 1.8+ GW power portfolio; CoreWeave has a $104B backlog and raised its year-end ARR target to $18.5-19.5B. x.com  x.com 

Fermi's services agreement with TSK, Spain's leading power EPC firm, de-risks Project Matador and confirms its AI data-center buildout remains on schedule. TSK will handle front-end engineering, permits and site preparation for three Siemens gas turbines in Phase 2. Per JMP Securities, OpenAI is evaluating and touring the site; a binding lease would cement Fermi's standing. Its private microgrid, targeting 1.5 GW by late 2027 and 17 GW by 2038, bypasses grids like ERCOT. x.com 

Cerebras' inference opportunity can support substantial long-term upside if installed capacity grows from 60MW to 3.2GW by 2031 and OpenAI renews after 2028. The risk-adjusted model puts 2031 value at $485-$700 per share while assuming rivals narrow its speed premium and customers and partners fund most capex. If those assumptions fail, capex, dilution and valuation risk rise. x.com 

TeraWulf stands out among bitcoin miners pivoting to AI data centers because its massive 20-year Anthropic deal gives it real legitimacy, and some capacity is already energized, moving it beyond pure hype. Plenty of execution and buildout risk remains before that partnership produces, and the chart is losing its uptrend line, suggesting more short-term chop. Long term, it should do well if the buildout goes well and the AI revolution is real. x.com 

IREN's AI data-center expansion needs enormous capital, making financing needs and execution delays material risks. Bitcoin exposure adds another source of uncertainty despite the size of the AI opportunity; the stock looks tempting but is not one to buy here. x.com 

Fluence Energy's selection as a key partner in Nvidia's Vera Rubin AI factory and data center architecture, alongside Siemens and nVent, confirms that AI is a power story, not just a chip story. Data centers need reliable energy, grid-scale storage, backup power and supporting infrastructure, which puts Fluence in front of massive long-term demand and suggests energy could become a major next leg of the AI trade. x.com 

CoreWeave, Nebius, IREN, Cipher Mining and CleanSpark have significant long-term growth potential as AI and data-center power demand keep expanding. Pullbacks across the group are being bought quickly, showing demand remains strong, which offers a chance to position ahead of the next potential leg higher. x.com