Fermi Inc. (NASDAQ:FRMI) shares are trending on Thursday after a shareholder group launched a proxy campaign seeking board changes and a strategic review.
FRMI shares gained 22.6% during Wednesday’s regular trading session.
Fermi is developing Project Matador, a large-scale AI power and data-center infrastructure platform in Texas designed to support growing demand from artificial intelligence companies.
Why Is FRMI Stock Moving?
Investor attention appears to be focused on a proxy campaign launched by co-founder and former CEO Toby Neugebauer.
