Fermi (NASDAQ:FRMI), an AI campus and on-site power infrastructure developer, closed at $3.72, up 14.46%. The stock jumped after a premarket credit support agreement with AMD backed Phase 1 of Project Matador. Investors are monitoring financing progress for the 222-MW lease. Trad

Stock Market Today, Oct. 13: Fermi Surges 14% on AMD Credit Support for Project Matador

Fermi Inc. develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. The company combines cutting-edge technology with a deep bench of proven world-class multidisciplinary leaders with a combined 25 GW of experience to create one of the world's largest 17 GW next-generation private grids, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's largest combined-cycle natural gas project, one of the largest clean new nuclear power complexes in America, utility grid power, solar power, and battery energy storage to support hyperscale AI and advanced computing. The company was incorporated in 2025 is headquartered in Amarillo, Texas.

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