Fermi Down 43% After AI Campus Tenant Ends $150 Million Deal
NegativeFinancial Markets

- Fermi Inc. experienced a significant decline of up to 43% on Friday after the company announced that a tenant had terminated a $150 million agreement related to its planned artificial intelligence campus in West Texas. This development raises concerns about the viability of the project and the company's financial stability.
- The termination of the deal is a critical setback for Fermi Inc., co-founded by former Texas governor Rick Perry, as it may hinder the company's growth prospects and investor confidence in its future endeavors in the AI sector.
— via World Pulse Now AI Editorial System


