BARCELONA, Spain--(BUSINESS WIRE)--Panmnesia, an AI infrastructure link solution provider, today announced the signing of a strategic partnership with SK Telecom (SKT), South Korea's largest telco and a leading AI company. The agreement, signed at MWC26 in Barcelona, aims to jointly develop a CXL-based next-generation AI data center (DC) architecture. As large-scale AI services grow, AI DCs are expanding GPU deployments, driving up costs. Recognizing the need for sustainable scalability, SKT and Panmnesia a ...

SAN DIEGO, March 03, 2026 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Fermi Inc. (NASDAQ: FRMI): (i) common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with Fermi’s October 2025 initial public offering (the “IPO”); and/or (ii) securities between October 1, 2025 and December 11, 2025, both dates inclusive (the “Class Period”), have until Friday, March 6, 2026 to seek appointment as lead plaintiff of the F ...

NEW YORK, March 03, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI), certain of the Company’s senior executives and directors, and underwriters of Fermi’s Initial Public Offering after a significant stock drop resulting from potential violations of the federal securities laws. If you invested in Fermi, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/c ...

Financial Data and Key Metrics Changes - The company reported a record full-year revenue of $101.4 million, up 35.7% year-on-year, marking the first time it has crossed $100 million in annualized revenue [3] - IFRS operating loss narrowed to approximately $13.7 million from $66.9 million last year, representing a 79.6% reduction [4] - IFRS net loss improved to about $11.3 million from $64.8 million last year, an 82.6% improvement [4] - Adjusted EBITDA was around $19.1 million, with adjusted net income at about $19.9 million, leading to an adjusted basic EPS of $0.89 and an adjusted diluted EPS of $0.88 [4] Business Line Data and Key Metrics Changes - The fourth quarter revenue was approximately $35.6 million, exceeding market consensus of $34.75 million, with an adjusted EPS of roughly $0.37, beating the consensus of $0.30 by about 22% [5][6] - The company maintained a strong underlying profitability while executing a turnaround, with adjusted EPS for the full year at $0.89, a 6% beat versus consensus [6] Market Data and Key Metrics Changes - The Asia-Pacific data center investment is projected to grow from roughly $30 billion in mid-2026 to about $90 billion by 2030-2031, with installed capacity expected to double from about 29,000 MW today to about 63,000 MW by the end of the decade [9] - Southeast Asia's data center investment is expected to grow from the low teens of billions to roughly $30 billion by 2030 [9] - India is rapidly scaling its data center capacity from just over 1 GW of installed IT load today to multiple GW by 2030 [9] Company Strategy and Development Direction - The company is advancing its AI infrastructure and data center build strategy across Malaysia, Thailand, Indonesia, Singapore, and other regions, including India and the Middle East [10] - Plans include exploring opportunities to buy or build data center assets to gain more control over delivery and create recurring revenue streams [11] - The company aims to be cash flow positive in 2026, focusing on disciplined delivery, overhead control, and cash collection [14] Management's Comments on Operating Environment and Future Outlook - Management emphasized that AI spending is becoming a structural demand rather than discretionary, with a shift from training-led to inference-led cycles, broadening demand for AI compute [6][7] - The company is witnessing a significant increase in demand for distributed compute across regional data centers and edge environments, which is expected to drive growth [7] - Management expressed confidence in the pipeline, with a $7 billion revenue opportunity and a strong balance sheet to fund growth initiatives [20] Other Important Information - The company finished 2025 with a cash balance of $104.8 million and reduced total debt to about $13.8 million, a 35.6% decrease from the previous year [13] - The company has spent over $11 million on share buybacks, indicating confidence in its valuation relative to performance [14] Q&A Session Summary Question: Update on the timing for the Freyr partnership phases - Management confirmed that they are on track with the Freyr contract, with slight delays due to market forces but no significant issues [27] Question: Will the execution on the Freyr contract hold back other agreements? - Management stated that the pipeline is strong and growing, with no delays in signing new contracts despite the Freyr project [34] Question: Recruitment needs and market conditions - Management highlighted rapid hiring across regions, with significant needs at the senior executive level to support growth [38] Question: Update on gross margin and revenue modeling - Management explained that the revenue mix shifted in 2025, affecting gross margins, but they expect improvements moving forward [48][52] Question: Update on operations in the Middle East amid geopolitical tensions - Management reported no material impact on operations, continuing to monitor the situation closely [93]

Crossroads Capital LLC, an investment management company, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund rose 2.7% net of fees and expenses in Q4 2025, bringing its annual return to 37.7% net. Since its inception, the Fund compounded at the rate of 21.2% gross and 17.1% net.  By the end of December 2025, the Fund's overall non-delta adjusted gross and net exposure were recorded at 89.7% and 72.1%, respectively. After a strong Q3, November revealed ho ...

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock drop attributed to potential violations of federal securities laws [1][4]. Group 1: Lawsuit Details - Investors have until March 6, 2026, to request to lead the case, which includes claims of securities fraud under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Sections 11 and 15 of the Securities Act of 1933 [4][10]. - The lawsuit is pending in the U.S. District Court for the Southern District of New York, titled Lupia v. Fermi Inc., et al., No. 1:26-cv-00050 [4]. Group 2: Company Background - Fermi Inc. is an energy and AI infrastructure company aiming to build large-scale nuclear reactors to support grid-independent data centers for AI companies, with its flagship project being Project Matador [5]. - The company completed its IPO in October 2025, claiming strong demand for Project Matador and securing an agreement with a tenant for funding construction costs [6]. Group 3: Allegations and Stock Impact - Allegations state that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [7]. - Following the announcement of the First Tenant's termination of the funding agreement on December 11, 2025, Fermi's stock dropped by $5.16 per share, over 33%, from $15.25 to $10.09 [8][10].

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock drop attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - Investors have until March 6, 2026, to request to lead the case in the lawsuit titled Lupia v. Fermi Inc., et al., pending in the U.S. District Court for the Southern District of New York [3][12]. - The complaint includes securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Sections 11 and 15 of the Securities Act of 1933 [3]. Group 2: Company Background - Fermi Inc. is an energy and AI infrastructure company aiming to build large-scale nuclear reactors to support grid-independent data centers for AI companies [4]. - The company's flagship project, Project Matador, is designed to provide dedicated power for AI workloads [4]. Group 3: IPO and Allegations - Fermi completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease with an investment-grade-rated tenant [5]. - Allegations state that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 4: Stock Performance - On December 12, 2025, Fermi's stock dropped by $5.16 per share, over 33%, following the termination of the Advance in Aid of Construction Agreement by the First Tenant [7][12].

Um, but I guess Jim, to your point, that money is going to go out towards compute from open AI, which does kind of get us towards our next uh our next guest. >> I am not going to be pessimistic when the tenure is going down in in yield. I'm not going to be uh pessimistic when open AI, which at one point I thought couldn't get the money, got the money. Not not going to be negative when I see what Dell did. And I'm not going to be negative because how much businesses core we've have, Mr.. Michael Trader. so m ...

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - Investors have until March 6, 2026, to request to lead the case, which includes claims of securities fraud under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Sections 11 and 15 of the Securities Act of 1933 [3][10]. - The lawsuit is pending in the U.S. District Court for the Southern District of New York, titled Lupia v. Fermi Inc., et al., No. 1:26-cv-00050 [3]. Group 2: Company Background - Fermi Inc. is an energy and AI infrastructure company aiming to build large-scale nuclear reactors to support grid-independent data centers for AI companies, with its flagship project being Project Matador [4]. - The company completed its IPO in October 2025, claiming strong demand for Project Matador and securing an agreement with a tenant for a 20-year lease [5]. Group 3: Allegations and Stock Impact - Allegations state that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. - Following the announcement of the First Tenant's termination of the agreement on December 11, 2025, Fermi's stock dropped by $5.16 per share, over 33%, from $15.25 to $10.09 [7][10].

Core Viewpoint - The AI infrastructure landscape is shifting towards smaller, specialized suppliers like RF Industries, as major players like Nvidia and Broadcom consolidate, creating opportunities for growth in niche markets [1][9]. Company Overview: RF Industries - RF Industries has recently reported strong growth in new business segments, particularly in aerospace and AI data center connectivity and cooling solutions, indicating a potential breakout phase for the company [3][4]. - The company is transitioning from a commodity-like component vendor to a higher-value technology solutions provider, which is expected to enhance revenue growth and profitability [4][10]. Financial Performance - In Q4, RF Industries achieved revenue of $22.7 million, reflecting a 23% year-over-year increase, with gross margins expanding to 37%, showcasing improved operating leverage [5]. - The company is experiencing a significant shift in its business model, which is expected to drive further financial performance as it focuses on integrated solutions rather than traditional component sales [8][10]. Market Position and Opportunities - RF Industries is positioning its offerings as "designed-in" solutions for larger projects, which is crucial for the AI buildout that requires more than just chips, including power, cooling, and reliable connectivity [5][8]. - The company's Direct Air Cooling (DAC) systems can reduce cooling electricity consumption by over 75% compared to traditional HVAC systems, making it an attractive option for data centers [7]. Industry Dynamics - The broader AI infrastructure trade is evolving, with smaller suppliers like RF Industries gaining attention as investors look for beneficiaries further down the supply chain [9][11]. - If AI infrastructure spending remains robust, RF Industries could see significant revenue growth and profitability from modest contract wins in its new markets [10][11].