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0 -0.0022296544035674 -0.0128205128205128 -0.0178260869565218 -0.0211817168338907 -0.0195094760312152 -0.0317725752508361 -0.028428093645485
Stock impact report

Fermi (FRMI) Climbs 13% as Funds Flow Back to AI [Yahoo! Finance]

Fermi Inc. (FRMI) 
Company Research Source: Yahoo! Finance
Fermi surged by 13.39 percent on Tuesday to close at $9.74 apiece as investors poured funds back into AI and high-performance computing companies, having priced in concerns about heavy investments in the sector. Fermi Inc. (NASDAQ:FRMI) rallied alongside its counterparts riding the AI wave, including Applied Digital Corp., after technology stocks took a beating on Monday amid concerns about the technology giants' heavy billion-dollar spending on the sector. Additionally, investors appeared to have bargain-hunted after Fermi Inc. (NASDAQ:FRMI) nosedived the previous day following news that one of its major tenants pulled out from an earlier leasing agreement. In a regulatory filing last week, Fermi Inc. (NASDAQ:FRMI) said that the prospective tenant, which it refused to name, had inked a $150 million leasing agreement with the company earlier, but later decided to pull out of the agreement. However, Fermi Inc. (NASDAQ:FRMI) said that it remains in discussions with other compan Show less Read more
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