🔴 Fermi is trading 8.16% down today after reporting $0 Q2 revenue

Fermi is trading 8.16% down at $6.98 after reporting $0 revenue in second-quarter results released August 13, 2026.

• The $0.04-per-share loss beat the $0.07 estimate, but underscored that Fermi remains pre-revenue.
• Results followed a sharp rally tied to Fermi’s $6.5 billion TensorWave lease, suggesting investors are reassessing near-term execution and commercialization timing.
• The broader market is higher, so the decline appears company-specific.