Fermi Stock Sinks to Record Low Following Tenant Exit
Fermi LLCFermi LLC(US:FRMI) Schaeffers Investment Research·2025-12-13 00:21

Shares of Fermi Inc. (NASDAQ:FRMI) are down 32.8%, last seen trading at 10.25.Thetumblefollowsnewsthat,despiteapreliminarylate2025agreementwithapotentialProjectMatadorAIdatacentertenant−−whichincludedupto10.25. The tumble follows news that, despite a preliminary late 2025 agreement with a potential Project Matador AI data center tenant -- which included up to 150 million in possible construction support -- no funds were drawn, with the tenant ultimately terminating the deal yesterday. The stock is now trading at its lowest level on record. FRMI has shed 73.1% this year, a stunning reversal from its Oct. 2 record high of $36.99. Shares ...