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Barchart
Nauman Khan

A $6.5 Billion Reason to Buy FRMI Stock Now

Fermi

Fermi (FRMI) stock just went parabolic after the company announced a binding customer lease for Project Matador, its massive artificial intelligence (AI) data-center campus in Texas. Shares of the energy and infrastructure company jumped roughly 21% in trading on Aug. 11 after Fermi revealed a 15-year agreement with AI cloud provider TensorWave worth approximately $6.5 billion in contracted revenue.

This deal is important because Fermi has been trying to turn its ambitious AI infrastructure vision into a real business. It now has its first committed tenant. But investors should remember that Fermi remains pre-revenue, unprofitable, and heavily dependent on successfully completing Project Matador.

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