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699 Fermi Soars to Nearly $22 billion Valuation in Trading Debut

The Information
Miles Kruppa @ The Information · 10/01/2025 20:06 EDT

Fermi Soars to Nearly $22 billion Valuation in Trading Debut

Shares in Fermi America rose more than 50% to almost $33 a piece following its listing on the Nasdaq exchange, a sign of investor exuberance for companies building data centers for artificial intelligence. Fermi, which was founded this year, is building a data center site connected to natural ...

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