Why Fermi Rallied Today
Shares of Fermi (NASDAQ: FRMI) rallied 22.8% on Thursday, as of 3:22 p.m. EDT.
Fermi had its first-quarter earnings release this morning, which apparently left investors encouraged. Of note, Fermi is a "pre-revenue" company attempting to build a massive energy and data center complex for AI infrastructure in West Texas.
Back in April, Fermi's stock crashed after the company announced a major management reshuffling, suggesting that marketing to AI customers had stalled or failed.
Source Fool.com
