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Fermi Inc. (NASDAQ:FRMI) is one of the 10 Stocks Defying Tech Market Turmoil. Fermi extended its winning streak to a third consecutive day on Friday, soaring 26.7 percent to close at $2.61 apiece, as investor sentiment was bolstered by reports that it revived talks with Amazon for an earlier botched power capacity supply. A report by the Financial Times, citing people privy to the matter, said that Fermi Inc. (NASDAQ:FRMI) went back to negotiations with Amazon for a potential power supply deal, after their initial talks collapsed last December.FPA Queens Road Value Fund’s Q3 2026 Investor Letter Photo by Tima Miroshnichenko on Pexels Amazon is expected to build its own data centers at Fermi's Project Matador campus in Amarillo, Texas.
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