Fermi (FRMI) stock jumps about 14% today as traders track lawsuit probes and next Project Matador update
NEW YORK, Jan 2, 2026, 12:07 ET — Regular session Shares of Fermi Inc (FRMI.O) rose about 14% to $9.12 in midday trading on Friday, after swinging between $8.05 and $9.15 earlier in the session. Trading volume topped 4.4 million shares. The move keeps attention on Fermi, a data-center real estate investment trust, or REIT — a structure that typically relies on tenant rent for cash flow — as it tries to line up customers for its Texas “Project Matador” power-and-data campus. The company says the site is designed as an 11-gigawatt private electric grid to support large-scale artificial intelligence