Fermi surges 14% on AMD credit support for Project Matador

AMD's financing backstop for a 222 MW TensorWave lease gave Fermi shareholders their first real relief rally in months Fermi Inc. finally gave its shareholders something to smile about. On October 13, 2026, the Texas energy developer announced that AMD will provide credit support for the first big lease at Project Matador, its sprawling AI power campus in Carson County. The stock jumped on the news. For a company down 59% year to date, a double-digit pop counts as a very good Monday.

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