Shares of Fermi Inc. (NASDAQ:FRMI – Get Free Report) were down 9% during trading on Friday . The stock traded as low as $26.71 and last traded at $27.00. Approximately 3,394,740 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 10,374,890 shares. The stock had previously closed at $29.66.
Fermi Trading Down 9.0%
Fermi Company Profile
Fermi’s mission is to power the artificial intelligence (“AI”) needs of tomorrow. We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1.1 GW of power projected to be online by the end of 2026.
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