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NASDAQ:FRMI.O 2 January 2026

Fermi (FRMI) stock jumps about 14% today as traders track lawsuit probes and next Project Matador update

Fermi (FRMI) stock jumps about 14% today as traders track lawsuit probes and next Project Matador update

Fermi Inc (FRMI.O) shares jumped 14% to $9.12 in midday trading Friday, with volume over 4.4 million. The rebound follows a 34% plunge last month after a $150 million construction funding deal was terminated. Shareholder law firms announced investigations into potential investor claims on Jan. 1. Fermi is seeking tenants for its Texas data-center project after denying links to Amazon.

Stock Market Today

  • United Therapeutics (UTHR) Surges 12.5% on Strong Phase III Data: Market Outlook Mixed
    March 31, 2026, 6:50 AM EDT. United Therapeutics' (UTHR) shares jumped 12.5% to $588.36 following positive Phase III TETON-1 study results for its nebulized Tyvaso in idiopathic pulmonary fibrosis (IPF). The study met primary and key secondary endpoints, prompting plans to submit for FDA priority review by summer's end. Despite the rally, the stock's earnings per share (EPS) estimate fell by 1.2% over 30 days, signaling caution ahead. The company is expected to report Q2 earnings of $6.72 per share on $809.15 million revenue, modestly up year over year. Holding a Zacks Rank #3 (Hold), UTHR faces mixed signals with investor focus on whether current gains persist amid earnings estimate declines.
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