AI Campus Developer Fermi Drops After Tenant Ends Agreement

Bloomberg TechnologyFriday, December 12, 2025 at 2:17:53 PM
AI Campus Developer Fermi Drops After Tenant Ends Agreement
  • Fermi Inc. experienced a significant drop of up to 46% on Friday following the announcement that a tenant had terminated a $150 million agreement related to its planned artificial intelligence campus in West Texas. The company, co-founded by former Texas governor Rick Perry, is now facing uncertainty regarding its future projects and financial stability.
  • This development raises concerns about Fermi Inc.'s ability to secure future tenants and funding for its AI campus initiative. The termination of such a substantial agreement may hinder the company's growth prospects and impact investor confidence, potentially leading to further declines in stock value and operational challenges.
— via World Pulse Now AI Editorial System

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Shares of data center real estate company Fermi closed down 34% after a tenant terminated a $150M agreement to help fund an AI campus in West Texas (Financial Times)
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Shares of Fermi, a data center real estate company co-founded by former U.S. Energy Secretary Rick Perry, plummeted by 34% after a tenant terminated a $150 million agreement intended to fund an artificial intelligence campus in West Texas. This significant drop in stock price reflects investor concerns about the company's future prospects following the loss of a major financial backer.
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