Stock Market Today, May 14: Fermi Surges After "Fermi 2.0" Plan Spurs Investor Optimism
2026-05-14 18:13:21 ET
Fermi (NASDAQ:FRMI) , a developer of private AI power campuses, closed Thursday at $7.37, up 22.83%. Shares jumped after Fermi 2.0 disclosures, and a Project Matador update led to a sharp rally. Investors are watching for a binding tenant agreement and progress on governance changes. Trading volume reached 56.4 million shares, about 306% above its three-month average of 13.9 million shares. Fermi IPO'd in 2025 and has fallen 77% since going public.
The S&P 500 added 0.78% to finish Thursday at 7,502, while the Nasdaq Composite rose 0.88% to close at 26,635. Within the digital infrastructure REIT space , industry peers Digital Realty Trust closed at $192.82 (-0.25%), and Equinix finished at $1,079.68 (+0.22%), underscoring more modest moves than Fermi’s data-center-focused surge.
Amid major management changes following the April firing of its former CEO, Fermi stock popped today after the company outlined details of a “Fermi 2.0” plan. Chairman of the Board Marius Haas explained,
NASDAQ: FRMI
FRMI Trading
36.36% G/L:
$7.575 Last:
35,554,054 Volume:
$6.385 Open:
