Why Fermi Stock Soared Today
The data center builder found its first tenant for Project Matador.
Overview
Shares of Fermi (NASDAQ: FRMI) rose sharply on Tuesday after the developer of next-generation private electric grids signed the first lease for its Project Matador campus in Texas.
Image source: Getty Images.
Fermi signed a 15-year lease with artificial intelligence (AI) infrastructure provider TensorWave, valued at roughly $6.5 billion.
Details
Source
Originally published at www.fool.com.
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