Fermi America IPO, $WEX Investment Case, $CRWV Insider Sales, $NVDA’s $100B Bet & More
Welcome back to the BBAE Blog, your trusted source for the latest investment insights and analyses from the BBAE team. This week, we’re excited to share some highlights that will keep you informed and ahead of the market. Don’t forget, some of our most valuable insights are available exclusively in the BBAE Pro app—download it now to unlock full access!
- Fermi America ($FRMI) IPO: Building AI Data Centers with Its Own Power Plants
- Gator Capital: WEX Inc. ($WEX) Investment Case
- CoreWeave ($CRWV) Insider Selling Continues at Scale
- Trending Stocks: $NVDA’s $100B OpenAI Bet, $Oklo Kicks Off Aurora Project, $ODP Buyout
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Fermi America ($FRMI) IPO: Building AI Data Centers with Its Own Power Plants
Fermi America ($FRMI) is seeking to raise about $500 million in a dual Nasdaq–London IPO to fund its bold HyperGrid project—a Texas campus designed to pair 18 million square feet of AI-ready data centers with up to 11 GW of its own power generation. Co-founded by former U.S. Energy Secretary Rick Perry, the company is pitching a rare mix of political connections, energy-sector expertise and heavy institutional backing as it targets the surging demand for AI computing capacity and reliable large-scale electricity. With pre-IPO financing from Macquarie and plans for natural-gas and nuclear generation, Fermi hopes to become a one-stop infrastructure provider for hyperscalers and AI firms. Read the full article here.
Gator Capital: WEX Inc. ($WEX) Investment Case
Gator Capital Management invested in WEX Inc. ($WEX), a payments company trading at 9.7x 2026 earnings despite its capital-light business model with strong customer retention and robust free cash flow generation, believing the market overreacts to temporary leverage concerns following a March 2025 tender offer. The firm sees upside from the company’s commitment to deleveraging, 10% share buyback program, acquisition moratorium at current valuations, and activist investor Impactive Capital’s 7% stake pushing for operational improvements and board accountability. Gator Capital expects significant multiple expansion as deleveraging progresses and investors recognize WEX’s high-quality recurring revenue streams in fleet fuel cards, health savings accounts, and corporate payments. Read the full article here.
CoreWeave ($CRWV) Insider Selling Continues at Scale
Magnetar Financial, a major shareholder of CoreWeave ($CRWV), has continually been selling shares since the company’s post-IPO lockup period expired. This week it again unloaded a big chunk—multiple transactions totaling well over half a billion dollars—at prices mostly between $120 and $132 per share, trimming its vested holdings by a few percentage points. CoreWeave’s stock has climbed nearly 40% over the past month amid the ongoing AI rally, and Magnetar’s steady sales highlight its move to capitalize on those gains while the shares remain in demand.. You can track insider activity like this daily with InsiderEdge, available in the BBAE app.
Trending Stocks: $NVDA’s $100B OpenAI Bet, $Oklo Kicks Off Aurora Project, $ODP Buyout
This week, several stocks attracted attention due to major developments. Here’s a breakdown:
- NVIDIA ($NVDA): NVIDIA signed a letter of intent with OpenAI, committing up to $100 billion to expand AI infrastructure powered by NVIDIA systems. The deal makes NVIDIA OpenAI’s preferred compute and networking partner, supporting future AI model development.
- Oklo ($OKLO): Oklo broke ground on its first Aurora powerhouse at Idaho National Laboratory. The compact fast reactor, backed by the DOE’s pilot program, will use recycled fuel and aims to deliver reliable clean energy for high-demand sectors like AI and manufacturing.
- ODP Corporation ($ODP): The parent of Office Depot and OfficeMax agreed to be acquired by Atlas Holdings in an all-cash $1 billion deal at $28 per share, a 34% premium. The move will take the company private and support its B2B growth strategy.
Read the full Weekly Highlights article here.
This article is for informational purposes only and is neither investment advice nor a solicitation to buy or sell securities. All investment involves inherent risks, including the total loss of principal, and past performance is not a guarantee of future results. Always conduct thorough research or consult with a financial expert before making any investment decisions. BBAE has no position in any investment mentioned.
