Fermi stock price rises today after successful IPO: Rick Perry's data center firm benefits from AI FOMO

Most Innovative Companies Final Deadline: October 3 LOGIN SUBSCRIBE | FastCo Works advertisement BYÂ Sarah Fielding Listen to this ArticleMore info 0:00 / 0:00 Despite being under a year old and having no revenue, Fermi America had a very successful initial public offering (IPO) this week. The company, which aims to provide data and power centers for artificial intelligence, saw its shares (Nasdaq: FRMI) close at $32.53 on their first day of trading Wednesday, up nearly 55% from their IPO price of $21 per s ...