Core Viewpoint - Fermi Inc. (NASDAQ:FRMI) has shown strong performance with a 13.39% increase in stock price, driven by renewed investor interest in AI and high-performance computing sectors after a previous downturn [1][2]. Group 1: Stock Performance - Fermi Inc. surged by 13.39% to close at $9.74 as investors returned to AI and high-performance computing stocks [1]. - The stock rallied alongside other AI companies, indicating a broader recovery in the technology sector [2]. Group 2: Leasing Agreement and Tenant Withdrawal - Fermi experienced a decline prior to the surge due to a major tenant withdrawing from a $150 million leasing agreement [3]. - The company is currently in discussions with other potential tenants for leasing agreements [4]. Group 3: Data Center Development - Fermi's data center campus in Texas, with a capacity of 11 GW, is supported by a power supply agreement with Southwestern Public Service Company for up to 200 MW of power [4].
Fermi (FRMI) Climbs 13% as Funds Flow Back to AI