Group 1 - Fermi Inc. (NASDAQ:FRMI) experienced a significant increase of 15.75% week-on-week, driven by investor optimism ahead of upcoming business updates and the overall positive sentiment in the artificial intelligence industry [1] - The company will participate in the Evercore Power Conference on January 8 and 9, 2026, where it is expected to provide important business updates and guidance for 2026 [2] - Fermi announced the termination of a $150 million data center leasing agreement with one of its major tenants, although the company did not disclose the tenant's name or the reason for the pullout [3] Group 2 - Fermi has secured a power supply agreement with Southwestern Public Service Company (SPS) for the delivery of up to 200 MW of power capacity to support its data center operations [4] - The company is focused on developing next-generation private electric grids aimed at providing highly redundant power to support artificial intelligence applications [4]
Fermi (FRMI) Surges 15.75% Ahead of Business Update