Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 1, 2025. Fermi Inc. shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.
Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 1, 2025. Fermi Inc. shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.
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