Plenty of
#billionaires have been created by the artificial intelligence and data center booms—and now, the real estate underneath the data centers is generating ten-figure fortunes, too.
At least three new billionaires joined the three-comma club on Wednesday after
#Fermi America, an Amarillo, Texas-based real estate investment trust cofounded by former energy secretary and Texas governor Rick Perry, went public on the
#Nasdaq. The stock opened at $21 and closed 55% higher at $32.53 per share, valuing the nine-month-old firm at $19 billion, despite the fact that it has yet to generate any sales.
Read more at the link in our bio. (Photo: Bloomberg)