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Stock impact report

Stock Market Today, March 30: Fermi Shares Plunge After Wider Loss and No Tenant for Flagship AI Project [Yahoo! Finance]

Equinix, Inc. (EQIX) 
Last equinix, inc. earnings: 2/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: equinix.com/company/investors
Company Research Source: Yahoo! Finance
at $5.36, down 13.27%. The stock moved lower after wider-than-expected inaugural losses, a lack of tenant progress for its flagship AI project, and continued focus on when it might secure long-term anchor customers. Trading volume reached 45.7 million shares, coming in about 480% above its three-month average of 7.9 million shares. Fermi IPO'd in 2025 and has fallen 84% since going public. How the markets moved today The S&P 500 (SNPINDEX:^GSPC) slipped 0.39% to finish Monday at 6,344, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.73% to close at 20,795. Within data center REITs, industry peers Equinix (NASDAQ:EQIX) closed at $964.05 (+0.11%) and Digital Realty Trust (NYSE:DLR) ended at $175.2 (-0.13%), showing more muted moves than Fermi. What this means for investors Data center REITs have been one avenue for investors to participate in the massive capital spending from megacap tech companies building out AI infrastructure. Despite initial excitement at its IPO, Fe Show less Read more
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