FRMI Fermi Inc.
Company Analysis
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Fermi Inc. Reports Failed Director Election, Alleges Breach of Voting Agreement
Fermi Inc. (FRMI) announced that two Class I director nominees, Jeffrey S. Stein and Rick Perry, failed to be elected at the company's 2026 Annual Meeting on...
Fermi's Only Customer Deal Is in Limbo — Can a Company With Zero Revenue and a Pattern of Missed Deadlines Justify a Billion-Dollar Valuation?
Shares of Fermi Inc. (FRMI) plunged to $1.82 — down 10.6% on the day and 40% in just one week — after the company disclosed that its sole binding customer...
🔴 Fermi is trading 10.56% down after TensorWave lease failed to take effect
Fermi is trading 10.56% down at $1.82 as uncertainty continues over its TensorWave data-center lease, which did not take effect after required closing...
🔴 Fermi is trading 5.38% down after TensorWave lease missed October 31 deadline
Fermi is trading at $1.90 (-5.38%) after required closing conditions for its TensorWave data-center lease remained unmet by the October 31 deadline. - Neither...
🔴 Fermi is trading 5.44% down today after TensorWave lease was not effective by deadline
Fermi is trading 5.44% down at $2.08 after disclosing that its TensorWave data-center lease did not become effective by the October 31 closing deadline. - The...
🔴 Fermi is trading 10.92% down with no confirmed catalyst
Fermi is trading at $2.33 (-10.92%); the immediate catalyst for the November 2 decline remains unconfirmed. - At its annual meeting, the company discussed...
🔴 Fermi is trading 7.09% down; immediate catalyst remains unconfirmed
Fermi is trading at $2.42, down 7.09%, with its immediate catalyst unconfirmed. - At its November 2 annual meeting, Fermi reported Project Matador progress...
🔴 Fermi is trading 10.31% down today amid a broad technology selloff
Fermi is trading 10.31% lower at $2.58, likely pressured by the broad technology selloff. - Reuters reported the Nasdaq was down 3.37% in midafternoon trading...
🔴 Fermi is trading 5% down amid broader tech-sector pressure
Fermi is trading at $2.87, down 5.13%, as technology shares faced pressure amid renewed concerns about AI spending after Alphabet’s results; this broader...
🟢 Fermi is trading 10.9% up as the reason remains unclear
Fermi is trading at $2.90, up 10.88%, as the reason for the sharp rise remains uncertain. - No clear company-specific catalyst was identified for the October...
🟢 Fermi is trading 5.15% up
Fermi is trading at $2.75, up 5.15%, with no clear explanation for the gain. - Reports cite the prior session’s broader AI-stock rally as background, but do...
🟢 Fermi is trading 7% up
Fermi is trading at $2.72, up 6.99%, with no clear company-specific catalyst identified for the gain. - Available search results surfaced no clear...
🔴 Fermi is trading 5% down with broader markets lower; no direct catalyst identified
Fermi is trading at $2.72, down 5.06%, as broader risk sentiment weakened amid technology weakness and Middle East tensions; this is a plausible backdrop, not...
Fermi Seeks Customer and Investor Capital for Project Matador
Fermi Inc. today released a shareholder letter from CEO Lee McIntire outlining the financing strategy for Project Matador, a large-scale power and...
Fermi Inc. Receives Second Gas Turbine for 'Project Matador' AI Campus
Fermi Inc. received its second Siemens Energy F-class natural gas turbine and two generators. The equipment arrived at its "Project Matador" energy and AI...
🔴 Fermi is trading 4.1% down
Fermi is trading at $3.03, a change of -4.11%; no reliable report directly identifies a catalyst for the October 19 decline. - Fermi’s October 13 AMD...
🔴 Fermi is trading 5% down today — no confirmed catalyst
Fermi is trading 5.01% down at $3.23; reports don’t identify a cause. - On October 16, Fermi announced a MUFG loan amendment removing the Project Matador...
Fermi Inc. Amends Financing Agreement, Avoiding ~$56M in Near-Term Principal Payments
Fermi Inc. (FRMI) announced an amendment to its Equipment Supply Loan Financing Agreement with MUFG Bank, which eliminates a key covenant related to its...
🟢 Fermi rises 4.1% — Biotech Sector Rallies on Positive Clinical Data and Regulatory News
With Biotech (XBI) up 2.2%, this looks like a sector-led move rather than a company-specific surprise. The biotechnology sector, as measured by the XBI ETF,...
🔴 Fermi is trading 10% down today amid broader inflation and yield pressure
Fermi is trading 10.22% down at $3.34; broader market pressure after September core inflation exceeded forecasts and Treasury yields rose is the clearest...