Lifshitz Law Pllc Announces An Investigation Of Fermi Inc. (Nasdaq:Frmi)

Reuters

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Avago, SanDisk among market cap stock movers on Friday

Investing.com

Advanced Micro Devices

-4.81%

Friday’s market has seen swings in various stocks based on news and other factors. Today, stocks like Rivian Automotive and Lululemon Athletica are rallying, while stocks like Avago Technologies and SanDisk Corp-Exch are falling. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

Mega-Cap Movers (Market Cap:$200B+)

Avago Technologies (AVGO); Broadcom reports 28% revenue growth, raises dividend by 10% -11.15%
Micron Tech (MU) -5.39%
Applovin (APP) -4.59%
Lam Research Corp (LRCX) -4.39%
Adv Micro Device ( -3.97%
Oracle Corp (ORCL) -3.77%
Applied Matls Inc (AMAT); Applied Materials declares quarterly dividend of $0.46 per share -3.44%
Caterpillar (CAT) -1.96%
General Electric (GE) +4.21%
Mcdonalds (MCD) +2.1%

Large-Cap Stock Movers (Market Cap:$10-$200B)

SanDisk Corp-Exch (SNDK) -13.65%
Lumentum Holdings Inc (LITE) -11.67%
Fabrinet (FN) -9.87%
AltC Acquisition (OKLO) -9.22%
Rambus Inc (RMBS) -8.84%
Ciena (CIEN); Northland downgrades Ciena stock rating to Market Perform on valuation concerns -8.81%
Bloom Energy Corp (BE) -8.66%
Astera Labs (ALAB) -12.56%
Lululemon Athletica (LULU); Jefferies upgrades Lululemon stock rating to Hold amid CEO departure +10.23%
Rivian Automotive (RIVN) +14.67%

Mid-Cap Stock Movers (Market Cap:$2-$10B)

Fermi America LLC (FRMI) -30.73%
Arcus Biosciences Inc (RCUS) -13.37%
Modine Manufacturing Comp (MOD) -12.76%
Everus Construction (ECG) -11.16%
Fluence Energy (FLNC) -11.32%
Netskope Inc (NTSK); Netskope beats Q3 expectations as revenue jumps 33%, shares edge higher -11.28%
Solaris Oilfield Infrastructure (SEI) -13.79%
CF Acquisition Corp VI (RUMBW) -10.5%
Clear Secure (YOU); Clear Secure stock rating upgraded by JPMorgan on Amex partnership renewal +13.16%
WeShop Holdings Ltd (WSHP) +24.07%

Small-Cap Stock Movers (Market Cap:$300M-$2B)

Graphite Bio (LENZ) -24.06%
Arteris (AIP); Arteris to acquire cybersecurity firm Cycuity to enhance chip security -16.16%
Qilian International Holding Group (BGM) -14.53%
TryHard Holdings (THH) +52.64%
Tilray Inc (TLRY) +39.27%
Frequency Electro (FEIM) +29.31%
Sundial Growers Inc (SNDL) +24.29%
Polestar Automotive Holding Plc (PSNY) +20.32%
Village Farms O (VFF) +20.88%
Flame Acquisition (SOC) +13.12%

For real-time, market-moving news, join Investing Pro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Risk Warnings and Disclaimers

Add to Favorites

Data Center Reit Fermi Drops 34% After Potential Customer Backs Out Of Funding Deal

Reuters

Fermi inc.

-33.84%

Risk Warnings and Disclaimers

Add to Favorites

Fermi stock tumbles after tenant terminates construction funding deal

Investing.com

Investing.com -- Fermi Inc. (NASDAQ:FRMI) stock plunged 34% Friday after the company disclosed that an investment grade-rated tenant terminated a construction funding agreement for its Project Matador site.

The tenant had previously agreed to advance up to $150 million to fund construction costs under an agreement dated November 3, 2025. According to Fermi, no funds were drawn before the termination on December 11, 2025, which followed the expiration of an exclusivity period under a non-binding letter of intent between the parties.

Despite the funding agreement’s termination, Fermi stated that negotiations for lease terms at Project Matador continue with the same tenant. The company has also begun discussions with other potential tenants for power delivery at the site in 2026.

The original letter of intent, signed September 19, 2025, was for the tenant to lease a portion of the Project Matador site, subject to negotiation of a definitive lease agreement.

Stifel analysts noted, "We expect Fermi shares to be very weak today following the termination of an LOI with its first key customer. Management had previously noted that the expected long-term contract that included 1 GW of capacity would commence in 2026 and deliver annual revenue and NOI of roughly $1.5 billion and $1.0 billion, respectively."

In follow-up comments, Stifel added that after speaking with management, they learned "the tenant attempted to change the terms of the LOI at the last minute, and Fermi opted to call their bluff." The analysts indicated the company remains in talks with the initial potential client and is working to accelerate its 2027 client pipeline to 2026.

Fermi maintained that it expects to meet its power delivery schedule at Project Matador, citing continued demand for behind-the-meter power for artificial intelligence applications.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Risk Warnings and Disclaimers

Add to Favorites

Fermi stock crashes 40% as $150M funding deal collapses

Invezz

Fermi inc.

-33.84%

Shares of Fermi plunged 40% on Friday after the data-center real estate investment company disclosed that a prospective anchor tenant had terminated a funding agreement tied to its marquee Texas project.

The decision, affecting a commitment of up to $150 million for construction of Project Matador, marks the sharpest setback yet for the newly listed company.

The tenant, whose identity has not been disclosed, had agreed to lease part of the Project Matador site and advance capital for its development.

Although the underlying lease discussions remain active, the financing portion of the deal has been scrapped.

Fermi confirmed in a filing that no funds were drawn before the termination.

Letter of intent expires, support evaporates

The breakdown stems from a non-binding letter of intent signed in September with what Fermi described as an investment-grade tenant.

As negotiations progressed, a follow-up agreement was signed in November outlining the $150 million advance.

When the exclusivity period expired on December 9, the tenant formally withdrew from the financing arrangement two days later.

Despite the setback, both sides are still negotiating a potential lease under the September letter of intent.

Fermi said it remains “confident” that it can meet power-delivery timelines at Project Matador, citing strong near- and long-term demand for behind-the-meter power driven by AI workloads.

Early challenge for a high-profile debutant

The development is an early test for Fermi, which has yet to generate any revenue but entered the market in October at a valuation of $14.8 billion.

Founded this year by former US Energy Secretary Rick Perry and two partners, the company pitched itself as a future cornerstone of AI-era infrastructure by developing one of the world’s largest data-centre campuses.

Strong enthusiasm around AI helped propel its debut, but the sharp reversal underscores a more cautious mood surrounding speculative AI-related names.

Investors are becoming more selective, demanding clearer paths to cash flow and closer scrutiny of unbuilt projects.

Fermi’s market cap has now fallen to $9.36 billion, according to LSEG data, and the stock is down 39% from its listing.

It last traded at $9.08, well below its IPO price of $21.

Project Matador faces mounting scrutiny

Fermi’s flagship development, Project Matador in Amarillo, Texas, includes the Donald J. Trump Generating Plant, intended to supply power to hyperscalers.

The company plans to develop 11 gigawatts of capacity by 2038—comparable to the needs of entire US states.

Its ambitions hinge on a mix of nuclear and natural-gas-based power.

Fermi aims to complete its first large nuclear reactor by 2032, an aggressive timetable given the industry’s history of delays and cost overruns.

In the near term, it expects natural-gas infrastructure to bridge the gap.

As recently as November, the company acknowledged it was behind schedule in securing its first major tenant.

The disclosure that the same tenant has now withdrawn from the funding agreement will reinforce investor concerns about timelines and execution risk.

Caution heightens as AI-energy optimism cools

While demand for power-hungry AI systems remains robust, investors have grown more cautious about companies promising to build vast energy and data-center infrastructure before achieving any commercial foothold.

Seven brokerages still rate the stock a “buy” or higher with a median price target of $33, but the latest setback adds pressure on Fermi to secure firm agreements that validate its long-term strategy.

With negotiations ongoing, the next several months will be crucial in determining whether the company can regain momentum—or whether early enthusiasm for its bold infrastructure vision will continue to wane.

Risk Warnings and Disclaimers

Add to Favorites

Tesla and Rivian among market cap stock movers on Friday

Investing.com

Sterling Infrastructure

-7.45%

Primoris Services

-7.82%

Friday’s market has seen swings in various stocks based on news and other factors. Today, stocks like Rivian Automotive and Lululemon Athletica are rallying, while others like SanDisk Corp-Exch are falling. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

Mega-Cap Movers ($200 billion+ market cap)

Avago Technologies (AVGO); Broadcom reports 28% revenue growth, raises dividend by 10% -10.49%
Micron Tech (MU) -5.51%
Applovin (APP) -4.28%
Lam Research Corp (LRCX) -4.18%
Palantir Technologies Inc (PLTR) -3.7%
Oracle Corp (ORCL) -3.65%
Applied Matls Inc (AMAT); Applied Materials declares quarterly dividend of $0.46 per share -2.84%
Tesla Motors (TSLA); Tesla U.S. sales drop to nearly 4-year low In November - Reuters +0.68%
General Electric (GE) +4.64%
Netflix, Inc. (NFLX) +1.64%

Large-Cap Stock Movers ($10-$200 billion market cap)

SanDisk Corp-Exch (SNDK) -12.14%
Ciena (CIEN); Northland downgrades Ciena stock rating to Market Perform on valuation concerns -8.48%
Lumentum Holdings Inc (LITE) -8.44%
GS Acquisition A (VRT) -7.94%
Western Digital (WDC) -7.52%
Sterling Construc (STRL) -7.49%
Primoris Services (PRIM) -8.14%
Astera Labs (ALAB) -9.9%
Fabrinet (FN) -9.45%
Rivian Automotive (RIVN); Rivian unveils in-house chip and autonomy roadmap for future vehicles +18.2%
Lululemon Athletica (LULU); Jefferies upgrades Lululemon stock rating to Hold amid CEO departure +9.79%

Mid-Cap Stock Movers ($2-$10 billion market cap)

Fermi America LLC (FRMI) -34.98%
Netskope Inc (NTSK); Netskope beats Q3 expectations as revenue jumps 33%, shares edge higher -10.97%
Modine Manufacturing Comp (MOD) -8.58%
Arcus Biosciences Inc (RCUS) -5.53%
Primoris Services (PRIM) -8.14%
NantKwest (IBRX); European regulator recommends first immunotherapy for bladder cancer +7.11%
Dragoneer Growth Opp (CCC); CCC Intelligent Solutions authorizes $500 million share buyback +9.97%
Rstrtn Hrdwr Hld (RH); RH shares surge as revenue beats estimates despite housing market challenges +10.91%
Clear Secure (YOU); Clear Secure stock rating upgraded by JPMorgan on Amex partnership renewal +12.66%
Celcuity (CELC); Gedatolisib shows promising results in breast cancer trial +10.0%

Small-Cap Stock Movers ($300 million-$2 billion market cap)

TryHard Holdings (THH) +56.81%
Tilray Inc (TLRY) +22.77%
Frequency Electro (FEIM) +20.91%
Sundial Growers Inc (SNDL) +16.4%
Kyverna Therapeutics (KYTX) +14.71%
Mitek Systems (MITK); Mitek Systems soars after earnings beat and strong 2026 guidance +13.26%
AC Immune Ltd (ACIU) +10.7%
Quanex Building Products Corp (NX); Quanex shares soar 25% as Q4 earnings crush estimates +10.64%
Yatsen Holding (YSG) +10.54%
TECO Energy Inc-Exch (TE); T1 Energy prices upsized $140 million convertible notes, $140 million stock -13.12%