Fermi Data Center IPO Surges 55% on Wall Street AI Demand

The surge in AI-related investments continues with notable developments across various sectors. Fermi, a newly public real estate investment trust developing a massive AI data center complex in Texas, saw its shares rise 55% on debut despite having no current revenue, reflecting strong investor appetite but also raising bubble concerns. Meta is experiencing significant growth driven by AI, with a 25% year-to-date stock gain in 2025, robust revenue increases, and ongoing investments in AI infrastructure and custom chip development. Cathie Wood of ARK Invest highlighted the dominance of key AI players like OpenAI and Google's Gemini, prompting strategic investments in AI, cloud computing, and Chinese tech stocks such as Alibaba and Baidu. Meanwhile, ASX-listed AI-Media Technologies is transitioning to fully AI-driven captioning and translation services, aiming for high accuracy and rapid global scale, supported by government contracts including the US Department of Defence. These trends underscore AI's transformative impact on technology stocks and its expanding role in diverse industries from data infrastructure to media and finance.