Fermi (FRMI) Stock Jumps 9% on $200M AI Deal, Even With a Wider Loss

TLDR Fermi stock rose about 9% Thursday after an unnamed AI customer committed $200 million for Project Matador. The stock hit $2.13 in premarket trading, up 18%, after an 18% gain Wednesday. Q3 net loss came in at $141.6 million, or 22 cents a share, versus a consensus loss of 8 cents. No long-term lease [...]

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