AI Data Center Financing Sees Key Progress! Fermi (FRMI.US) Partners with AMD (AMD.US) to Secure Credit Support, Stock Surges in Early Trading

Zhitong Finance APP has learned that Fermi (FRMI.US), which focuses on AI hyperscale data center development, said on Tuesday that it has signed a credit support agreement with AMD (AMD.US) to support a lease arrangement for the first phase of its Project Matador campus, an energy and artificial intelligence facility located in Texas, marking a key step forward in securing financing for the project. Boosted by the news, as of press time, Fermi rose 18% in early U.S. trading on Tuesday.