Core Insights - Fermi Inc. is focused on developing energy infrastructure, particularly data centers to support AI needs, and has gained significant investor interest following its IPO [1][6] - The company plans to construct a large AI data center hub in Texas, which will include four nuclear reactors, requiring a substantial capital investment of $70 billion to $90 billion [1][4] - Fermi's current valuation stands at $16 billion, despite being a pre-revenue company with no operational history [5][6] Stock Performance and Analyst Ratings - The consensus price target for Fermi's stock has remained stable at $32.29, indicating analysts are awaiting more concrete developments before adjusting forecasts [2] - UBS analysts have initiated coverage with a 'Buy' rating and a 12-month target price of $30 per share, highlighting the anticipated conversion of a letter of intent into a firm lease expected to generate annualized revenue of $1.5 billion by the end of 2025 [3][6] - Following its IPO, Fermi's stock price surged by 40%, reflecting market confidence in its future prospects, driven by excitement around AI and data centers [4][6] Operational Plans and Capacity Goals - Fermi aims to achieve an 11-gigawatt capacity by 2038, with a major development centered around a 5,000-acre campus in Texas, although only 10% of this capacity is expected to be operational by 2026 [5] - The company faces substantial execution and market risks, as indicated by Stifel Nicolaus setting a price target of $29 for the stock [5]