Fermi Shares Crash After Losing $150M Funding Deal
Fermi's stock plummeted 35% Friday after a potential tenant terminated a $150 million funding agreement for its Texas data center project, raising concerns for the newly public company.
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Fermi America Reports $347M Q3 Loss as Nuclear-Powered AI Campus Takes Shape
Fermi America posts $346.8M Q3 loss while preparing Texas site for ambitious AI data center powered by nuclear reactors. First gigawatt capacity expected by 2026.
Two Major Firms Initiate Bullish Coverage on Fermi Stock
Stifel and Rothschild initiate Buy ratings on Fermi with $29-$31 price targets, citing unique power solutions for AI data centers and attractive growth potential.
Fermi Rides AI Energy Wave to $19.3 Billion Debut Amidst Race for Power
Amarillo, Texas-based Fermi Inc., co-founded by Rick Perry, saw shares surge 55% in its IPO, capitalizing on the booming demand for power infrastructure to support global AI growth, despite lacking current revenue.