Why Fermi Stock Flopped Today
Fermi (NASDAQ: FRMI), a developer of next-generation power infrastructure, didn't have a great deal of energy on the stock market Tuesday. Investors weren't impressed with the company's latest set of quarterly figures and made their displeasure known by driving the shares down by over 13% in value across that trading session.
With ambitions to build what it describes as "the world's largest private [electricity] grid in the Texas Panhandle" to support facilities such as artificial intelligence (AI)-capable data centers, Fermi has certainly set itself a daunting task.
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Source Fool.com
