Find XO: Fervo Energy IPO Jumps 33%, AI Data Center Energy War Changes Investment Landscape (techcrunch.com)

- Geothermal energy company Fervo Energy saw its stock jump 33% from its $27 IPO price to $36 on its first day listing on Nasdaq. - The offering was 15 times oversubscribed, and the IPO size grew from $1.33 billion to $1.89 billion. - This indicates that investors see AI data center power as a structural bottleneck, not a temporary demand. - When building AI services, it's worth clarifying whether to treat power costs as a minor accounting line or to raise prices due to design constraints.