Fervo Energy Is Already Cooling Off. This AI Infrastructure IPO Needs Time to Show Real Results.

We appear set for a summer of IPOs. A series of high-profile initial public offerings are hitting the stock market, with many of them sitting at the intersection of artificial intelligence. Both semiconductor maker Cerebras Systems (CBRS) and data center trust Blackstone Digital Infrastructure (BXDC) are enticing targets to support the build-out of AI.

Another entry into this mix is Fervo Energy (FRVO), a geothermal company that went public last week. Fervo supplies another way to play growth in AI infrastructure, as data center operators need access to scalable electricity.