# Fermi Inc. (FRMI) Shares Jump 12.9% on AMD Credit-Support Deal

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/31150
Published: 2026-10-13T13:07:12.000Z
Updated: 2026-10-13T13:07:12.000Z
Section: Business

> The agreement covers Fermi’s lease for Phase 1 of Project Matador, an energy and artificial intelligence facility in Texas.

Fermi Inc. (FRMI) shares jumped 12.9% in premarket trading Tuesday after the company signed a credit-support agreement with AMD covering the lease for Phase 1 of Project Matador in Texas.

Project Matador is an energy and artificial intelligence facility. The credit-support deal covers Fermi’s lease for Phase 1 of Project Matador.