Workflow
AI Infrastructure
icon
Search documents
FRAUD ALERT: Fermi Inc. ($FRMI) Hit with Securities Fraud Allegations After Customer Agreement Leads to 33% Stock Drop, Contact BFA Law
TMX Newsfile· 2026-02-08 11:46
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drops linked to alleged violations of federal securities laws [1][3]. Company Overview - Fermi Inc. is an energy and AI infrastructure company focused on building large-scale nuclear reactors to support grid-independent data centers for AI workloads [4]. - The company's flagship project is Project Matador, designed to provide dedicated power for AI operations [4]. 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 suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Stock Price Impact - On December 12, 2025, Fermi's stock dropped by $5.16 per share, over 33%, following the announcement that the First Tenant was terminating its agreement [7]. - The stock price fell from $15.25 to $10.09 per share in one day due to this news [7]. Legal Proceedings - Investors have until March 6, 2026, to seek appointment as lead plaintiffs in the case, which is pending in the U.S. District Court for the Southern District of New York [3]. - The lawsuit includes claims of securities fraud under various sections of the Securities Exchange Act and the Securities Act [3].
INVESTOR DEADLINE: Fermi Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces - FRMI
Globenewswire· 2026-02-07 16:15
Core Viewpoint - The Fermi Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding its Project Matador, leading to significant financial losses for investors following the termination of a key funding agreement [3][4][5]. Group 1: Class Action Lawsuit Details - Investors who purchased Fermi Inc. common stock during the IPO or between October 1, 2025, and December 11, 2025, can seek to be appointed as lead plaintiff in the class action lawsuit [1][6]. - The lawsuit, titled Lupia v. Fermi Inc., claims violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 [1][3]. Group 2: Allegations Against Fermi Inc. - The lawsuit alleges that Fermi overstated tenant demand for its Project Matador campus and failed to disclose reliance on a single tenant's funding commitment [3]. - It is claimed that there was a significant risk of the tenant terminating its funding commitment, which ultimately occurred, leading to a $150 million loss in expected construction funding [3][4]. Group 3: Financial Impact - Following the announcement of the termination of the funding agreement, Fermi's stock price fell nearly 34% [4]. - The stock price has since traded as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [7]. - The firm has a strong track record, recovering $8.4 billion for investors over the past five years, making it one of the largest plaintiffs' firms globally [7].
Here's Why CoreWeave Stock Plunged but Then Recovered This Week
The Motley Fool· 2026-02-07 15:18
Investors are trying to decide if AI spending will make or break companies.It was a volatile week for the stock markets, especially in the tech sector. Artificial intelligence (AI) stocks were especially in focus. Shares of AI infrastructure provider CoreWeave (CRWV +20.03%) had plunged as much as 20% before a sharp rebound on Friday. CoreWeave stock ended the week down just 3.4%, according to data provided by S&P Global Market Intelligence. Investors are trying to decide whether all the spending on AI is g ...
Fermi Inc. (NASDAQ:FRMI) Accused of Securities Fraud after Stock Drops 33% -- Contact BFA Law before March 6
Globenewswire· 2026-02-07 12:05
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drops linked to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as claims under Sections 11 and 15 of the Securities Act of 1933 [3]. - Investors have until March 6, 2026, to request to lead the case in the U.S. District Court for the Southern District of New York [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 suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 4: Stock Price Impact - 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].
Celestica: Accelerating AI-Driven Growth And Valuation Contraction Make This A No-Brainer
Seeking Alpha· 2026-02-07 09:25
Core Insights - Celestica Inc. (CLS) is recognized as a significant player in the AI infrastructure sector, demonstrating a notable 52-week stock gain of over 100% despite mixed performance in recent months [1] Company Performance - The stock of Celestica has experienced fluctuations, yet the substantial 52-week gain highlights its potential in the market [1] Industry Position - The company is positioned within the tech sector, particularly focusing on AI infrastructure, which is a growing area of interest for investors [1]
FERMI CLASS ACTION: Fermi Inc. (FRMI) Accused of Misrepresentations About Its $150 Million Customer Agreement in Securities Fraud Lawsuit, Contact BFA Law by March 6
TMX Newsfile· 2026-02-06 11:36
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drops linked to alleged violations of federal securities laws [1][3]. Company Overview - Fermi Inc. is an energy and AI infrastructure company focused on building large-scale nuclear reactors to support grid-independent data centers for AI companies [4]. - The company's flagship project is Project Matador, designed to provide dedicated power for AI workloads [4]. 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 suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Stock Price Impact - On December 12, 2025, Fermi's stock dropped by $5.16 per share, over 33%, following the announcement that the First Tenant was terminating its agreement [7].
Why Customer Concentration Is a Long-Term Test for CoreWeave
Yahoo Finance· 2026-02-05 15:31
Execution will dominate the conversation around CoreWeave (NASDAQ: CRWV) in 2026. Investors will closely watch how it manages capacity delivery, capital discipline, and infrastructure rollout. But beyond those near-term proofs, there's a quieter, more structural issue that could determine CoreWeave's durability as a business over the next decade: customer concentration. Today, a large share of CoreWeave's revenue comes from a small number of artificial intelligence (AI) hyperscalers. That high customer c ...
FRMI COURT UPDATE: The Fermi Inc. Deadline in the Securities Class Action is Imminent – Contact BFA Law before March 6 if You Lost Money
Globenewswire· 2026-02-05 11:18
NEW YORK, Feb. 05, 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/cas ...
Maas Group to sell construction materials division for up to $1.2bn
Yahoo Finance· 2026-02-05 10:53
Australia’s Maas Group Holdings (MGH) has agreed to sell its construction materials division to Heidelberg Materials Australia for up to A$1.7bn ($1.1.9bn). The transaction includes a contingent cash consideration of A$120m, dependent on achieving specific operational and commercial milestones post-completion. The divestment aligns with Maas Group's strategy to focus on next-generation infrastructure, including digital and AI opportunities. Maas Group plans to use the proceeds to enhance its capabiliti ...
Bitdeer Announces Fourth Quarter 2026 Earnings Conference Call For February 12th 2026
Globenewswire· 2026-02-04 22:12
SINGAPORE, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining and AI infrastructure, today announced that it has scheduled its fourth quarter 2025 earnings conference call and webcast for Thursday, February 12, 2026 at 8:00 AM EST. During the call, Bitdeer management will discuss the unaudited financial and operational results for the quarter ended December 31, 2025, followed by a question-and-answer ...