🔴 Fermi is trading 4.8% down today after reporting a Q2 loss and no revenue

Fermi is trading 4.8% down at $6.09 as investors weigh its August 13 report showing a $25.81 million Q2 net loss, no revenue despite the $6.5 billion TensorWave agreement.

• Coverage highlighted caution around the capital-intensive Project Matador buildout, ongoing losses and delayed revenue generation.
• Trading volume was approximately 17.3 million shares, below the 22.92 million daily average.
• The decline follows a sharp 13.16% drop on August 13 and 3.03% decline on August 14, suggesting continued post-earnings skepticism rather than a newly reported August 17 announcement.