U.S. Stocks in Motion | Geothermal power rides the AI computing tailwind, Fervo Energy (FRVO.US) rises over 7%

Zhito Finance APP has learned that on Thursday, Fervo Energy (FRVO.US) opened 7% higher, with intraday gains at one point exceeding 12%, before narrowing to 7% as of press time. On the news front, the geothermal-focused company's Cape Station geothermal development project in Utah had previously achieved first power generation. The company said this is the first time a utility-scale enhanced geothermal development project worldwide has reached this milestone. AI computing power is placing higher demands on stable electricity supply. Recently, tech giants such as Google, Amazon, and Meta have stepped up their layout of diversified clean energy power supply. Fervo Energy has signed a major power purchase agreement with Alphabet's Google, planning to build its Utah project into the world's largest enhanced geothermal power generation facility.