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BlackBerry Ltd. engages in the provision of intelligent security software and services. It operates through the following segments: Cybersecurity, Internet of Things (IoT), and Licensing and Other. The Cybersecurity segment includes the brand Cylance, BlackBerry Spark, AtHoc, and SecuSUITE. The IoT segment focuses on software licenses, support, maintenance, and professional services. The Licensing and Other segment involves the intellectual property licensing arrangements and settlement awards. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.

BlackBerry Ltd

BlackBerry is trending due to a newly expanded partnership with NVIDIA to integrate its QNX operating system into advanced AI-powered systems for robotics and industrial applications. The community is actively discussing this news as a long-awaited fundamental turnaround, with many investors debating whether to hold for potential long-term growth or take early profits as the stock reaches new highs on significant volume.

Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment includes vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean. The International segment is involved in vehicle rental and car sharing operations in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded in 1946 and is headquartered in Parsippany, NJ.

Avis Budget Group Inc

Avis Budget Group (CAR) is surging as a massive short squeeze unfolds, fueled by a unique supply-demand imbalance where a limited float is held by two major institutional shareholders while short interest remains extremely high. Community discussions are dominated by the ongoing struggle between shorts forced to cover and bulls predicting further parabolic gains toward triple-digit milestones, with many highlighting the stock's lack of fundamental support.

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, AppleCare, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in April 1976 and is headquartered in Cupertino, CA.

Apple Inc

Apple is trending as investors react to a significant leadership transition, with hardware chief John Ternus set to succeed Tim Cook as CEO in September while Cook assumes the role of Executive Chairman. The community is actively debating the implications of this shift for future innovation and AI strategy, with many discussing whether the transition serves as a catalyst for a stock breakout or introduces uncertainty during a critical period of product development.

RaveDAO is a global community uniting music, technology, and purpose. Since their first sold-out event at Dubai 2024, they have expanded across Europe, the Middle East, North America, and Asia, hosting world-class experiences with over 100,000 total attendees and 3,000+ attendees for each event.  RaveDAO has worked with top-tier artists like Vintage Culture, Don Diablo, Chris Avantgarde, Lilly Palmer, MORTEN, Bassjackers, and GENESI and has support from Binance, OKX, Bitget, and Polygon. RaveDAO is redefining live entertainment in Web3 and has active partnerships with 1001Tracklists, AMF, and Warner Music.  Beyond the dance floor, RaveDAO channels energy and attention toward impact. In 2025 alone, proceeds from its events helped restore sight to 400+ cataract patients in Nepal and fund over 150 meditation programs across the U.S.

RaveDAO

RAVE is trending amid intense debate over a massive price collapse, with community members polarized between accusations of a coordinated pump-and-dump scheme and those attempting to capitalize on high-volatility rebound plays. The conversation is dominated by on-chain manipulation claims, concerns over concentrated token ownership, and speculation regarding potential exchange-led investigations.

What Is Request (REQ)? The Request (REQ) utility token, launched in 2017, ensures the performance and stability of the Request Network. The Request Network itself is an Ethereum-based decentralized payment system where anyone can request a payment and receive money through secure means. It removes the requirement for third parties in order to provide a cheaper, more secure payment solution that works with all global currencies.  When a user creates a request for payment, they define to which address the payment needs to be allocated and what the amount is. The user can also define the terms and conditions of the payment, upgrading a simple request into an invoice. Once this is completed, the user can share their request to be paid by their counterparty.  Every step is documented and stored on the Request network, allowing everyone involved to easily keep track of all the invoices and payments for accounting purposes.  Request is also integrated with legislation across the world to remain compliant with the trade laws of each individual country.  Who Are the Founders of Request? The founders of Request are Christophe Lassuyt and Etienne Tatur.  Christophe Lassuyt is currently the chief financial officer at Request. Before this position, he co-founded MONEYTIS.  Etienne Tatur is the chief technical officer of Request. Prior to this, he also co-founded MONEYTIS and worked as a lead developer at QOBUZ, a music streaming service.  What Makes Request Unique? The payments on Request are performed by simply sending an invoice through the blockchain; the counterparty can then detect the request and pay it with one click in a peer-to-peer manner. The fact that the payments are push-generated instead of pull-generated is one of Request’s key advantages. There is no need for users to share their account information. The use of blockchain technology also eliminates the need for third-party processors, resulting in a reduction in transaction costs.  The Request Network leverages decentralized blockchains such as Ethereum and IPFS for an increased level of security, privacy and data ownership for the end-user. The platform does have transaction fees, which is a cost that is required to broadcast a change to the blockchain network. The transaction fees are used to incentivize miners to reach consensus on the state of the network.  REQ can be stored on wallets such as Metamask, MyEtherWallet, Ledger, imToken, Trezor, Atomic Wallet, Jaxx Liberty and Trust Wallet.  How Many Request (REQ) Coins Are There in Circulation? REQ is an ERC-20 token that can be spent to use the Request Network.  A portion of the REQ fee is burned at a rate that is determined by the current supply and the exchange rate with other currencies.  Request’s (REQ) circulating supply is at 999,912,165 REQ as of February 2021 and the maximum supply is 999,983,984 tokens.  How Is the Request Network Secured? REQ is an ERC-20 token based on the Ethereum platform. The requests made with REQ are stored on an immutable digital ledger. This ledger also serves as proof for all auditing purposes.

Request Network

Request Network is trending as community members speculate on a potential repeat of previous major price surges, drawing parallels to its historical performance during past holiday periods. While some investors remain hopeful for a breakout due to the project's real-world payment integrations and low circulating supply, others are expressing frustration over stagnant price action and limited recent communication from the leadership.

Amazon.com, Inc. is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment offers retail sale of consumer products, including from sellers, advertising, and subscriptions services through North America-focused online and physical stores. The International segment focuses on retail sale of consumer products, including sellers, advertising, and subscription services through internationally focused online stores. The AWS segment is composed of global sales of computers, storage, databases, and other services for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Amazon.com Inc.

Amazon.com Inc

Amazon is surging as the company aggressively expands its AI infrastructure through a $5 billion investment in Anthropic and a massive commitment for future cloud spending, fueling community excitement around its long-term growth potential. Investors are actively discussing the deal's strategic implications, with many viewing the company's deepening integration of custom silicon and cloud capacity as a major catalyst for its cloud dominance.

Lucid Group, Inc. manufactures electric vehicles. It designs, develops, and builds energy storage systems for electric vehicles and supplies automakers with the battery pack system needed to power hybrid, plug-in, and electric vehicles. The company was founded in December 2007 and is headquartered in Newark, CA.

Lucid Group Inc

Lucid Group Inc. is trending as the company faces intense selling pressure and record-low valuations, with community sentiment deeply divided between investors holding for a long-term turnaround fueled by Saudi backing and Uber partnerships, and traders betting on further downside due to ongoing dilution and concerns over operational sustainability. Market participants are actively debating the viability of the new leadership's strategic direction against the backdrop of an aggressive short interest and concerns regarding the company's capital management.

Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X ETF

Direxion Daily Semiconductor Bear 3X Shares

Direxion Daily Semiconductor Bear 3X Shares is trending due to intense frustration among investors as the underlying semiconductor sector undergoes a massive, multi-day rally that has consistently defied bearish expectations. Community sentiment is heavily polarized, with many users feeling trapped in "bagholder" positions after failed attempts to catch a reversal, while others remain convinced that a sharp market correction is imminent despite the current momentum.

Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X ETF

Direxion Daily Semiconductor Bull 3X Shares

Direxion Daily Semiconductor Bull 3X Shares (SOXL) is experiencing extreme volatility as investors debate whether the recent parabolic rally driven by AI-sector optimism and perceived geopolitical cooling is a sustainable breakout or an overextended bull trap. While some community members are betting on a continued climb toward triple digits, others are actively shorting the ETF, highlighting risks related to structural decay and the potential for a sharp reversal if semiconductor earnings fail to meet lofty expectations.

Gorilla Technology Group, Inc. engages in the provision of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology security solutions and services in Asia Pacific. It operates through the following segments: Video IoT, Security Convergence, and Other. The company was founded by Spincer Koh in May 2001 and is headquartered in London, the United Kingdom.

Gorilla Technology Group Inc

Gorilla Technology Group is currently trending as investors debate the stock's significant long-term potential against a backdrop of prolonged price consolidation and concerns over historical transparency. Market sentiment is fueled by active discussions around the company's expansion into the Indian AI infrastructure market, recent strategic investment news, and an intensely compressed setup of high short interest against a limited tradable float that many believe could trigger significant volatility.

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Stock Market Today, April 20: Fermi Shares Plunge on CEO and CFO Resignations

Fermi (NASDAQ:FRMI), an AI-focused private power developer, closed Monday at $5.40, down 17.56%. The stock fell as investors reacted to the departures of its chief executive officer (CEO) and chief financial officer (CFO), as well as it calls "Fermi 2.0" -- a new strategic direct...

Fermi (NASDAQ:FRMI) Shares Gap Down - Here's Why

Fermi (NASDAQ:FRMI) Shares Gap Down - Here's Why...

Why Is Fermi Stock Falling Monday?

Fermi Inc. (FRMI) shares drop 18% in premarket as the firm announces leadership changes and the launch of its new "Fermi 2.0" strategic plan.read more...

<ul class="summary-bullets"><li>U.S. stock futures pulled back early Monday, cooling off after last week’s record-setting gains.</li><li>Investors are monitoring a renewed flare-up in the Strait of Hormuz, after Iran signaled the critical shipping route would remain restricted amid an ongoing standoff with the U.S.</li><li>Psychedelic stocks catch a policy tailwind around expedited drug approvals for mental health treatment: PBM, DFTX, and CMPS are seeing retail attention.&nbsp;</li></ul>U.S. stock futures were under pressure early Monday, after reaching record highs last week amid&nbsp;easing geopolitical&nbsp;fears in the Middle East. However, tensions are on the rise again after President Donald Trump confirmed the seizure of an Iranian-flagged cargo ship in the Strait of Hormuz, prompting Iran to re-close the vital waterway.Trump threatened to "knock out every power plant" in Iran if a new deal is not reached during upcoming talks in Islamabad this week. Oil-linked stocks such as BATL and EONR are back on the radar following a spike in crude volatility.As of 4:00 a.m. ET on Monday, S&amp;P 500 and Nasdaq futures fell 0.6%, Dow futures slipped 0.7%, and Russell 2000 futures were down 1%.&nbsp;Retail sentiment toward the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a>, an exchange-traded fund that tracks the S&amp;P 500 Index, and the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust (QQQ)</a> ETF, which tracks the Nasdaq-100 Index, remained ‘extremely bullish.’Trending Stocks To WatchPsyence Biomedical (PBM):&nbsp;Retail is piling into this little-known psychedelic supplier following U.S. President Donald Trump’s executive order over the weekend to expedite the review of psychedelic medicines, including ibogaine and psilocybin for PTSD and addiction treatment. Also watch out for&nbsp;Definium Therapeutics (DFTX) and Compass Pathways (CMPS).&nbsp;Marvell (MRVL):&nbsp;Reports suggest that Google is in talks with the firm to design two new AI chips, including a next-generation TPU.&nbsp;AST SpaceMobile (ASTS):&nbsp;The stock fell 14% in early pre-market trading after the company confirmed that its BlueBird-7 satellite, launched on New Glenn 3, was placed in an orbit too low to sustain operations.&nbsp;Fermi LLC (FRMI):&nbsp;The stock cracked 16% in early pre-market trade on Monday following a massive leadership overhaul. Early this morning, Fermi announced a transition from its "start-up" roots to a "scaled enterprise.”Critical Metals Corp. (CRML):&nbsp;Remains on retail radar following the updates for its Tabrez project. Meanwhile, on Sunday, Chairman Tony Sage said in a social media post that, while the geopolitical situation has made shipping logistics "tricky," the company still targets Q2 2026 for operations at its Greenland pilot plant.Eli Lilly (LLY):&nbsp;Reports suggest that the company is in advanced talks to acquire Kelonia Therapeutics for over $2B, a deal that could be announced as early as today.Tesla, Inc (TSLA):&nbsp;The stock is on track for its first positive month this year, ahead of its earnings report this week. Meanwhile, Elon Musk downplayed competitive fears from China’s BYD, framing execution and not competition as the EV maker’s key challenge.Other tickers trending on&nbsp;Stocktwits&nbsp;at the time of writing included AEVEX Corp (AVEX), Blackberry (BB), and Nvidia Corp (NVDA).&nbsp;Other Catalysts To WatchOn the economic front, no notable data release is expected.On earnings radar, watch out for quarterly reports from Cleveland-Cliffs Inc (CLF), Nano X Imaging Ltd (NNOX), and Dynex Capital Reit Inc (DX) before the bell. Also, Lion Group Holding Ltd (LGHL), AGNC Investment Corp (AGNC), Lottery.com Inc (SEGG), and Alaska Air Group Inc (ALK) report after market close on Monday.For updates and corrections, email newsroom[at]stocktwits[dot]com

Nasdaq, S&P 500 Futures Fall, Oil Risk Back In Focus After Trump’s Iran Escalation: Why PBM, FRMI, ASTS, BATL Are Keeping Traders Engaged Today

Data from Stocktwits shows that retail positioning has remained ‘bullish’ for SPY and QQQ amid geopolitical instability. 

Equity

Data from Stocktwits shows that retail positioning has remained ‘bullish’ for SPY and QQQ amid geopolitical instability. 


<ul class="summary-bullets"><li>The company also said that lead independent board director Marius Haas would step up into the role of chairman, and Jeffrey S. Stein would join the board.&nbsp;</li><li>The board had begun a formal search for Fermi’s new CEO, appointing executive search firm Heidrick &amp; Struggles for the task.&nbsp;</li><li>Fermi will also establish new corporate headquarters in Dallas, Texas, and form a corporate office at its Project Matador site in Amarillo, Texas.</li></ul>Shares of Fermi LLC (FRMI) plummeted more than 17% in Monday’s early premarket trading session after the company announced a series of leadership changes under a new phase that it dubbed “Fermi 2.0.”The company said in a statement that Chief Financial Officer Miles Everson had resigned from his position, taking a seat on the board instead. Additionally, lead independent board director Marius Haas would step up into the role of Chairman. Fermi also added Jeffrey S. Stein to its Board of Directors.The announcements came shortly after <a href="https://stocktwits.com/news-articles/markets/equity/why-did-frmi-stock-tumble-in-after-hours-trading-today/cZJydgRRIUp">CEO Toby Neugebauer resigned</a> on Friday, although the company said he would remain a board member.<h2 class="st-heading-2">Fermi 2.0 Updates</h2>In addition to the leadership changes, the energy and AI infrastructure company said that its new phase would entail a transition from being a startup to a scaled enterprise that would include deepening relationships with academic and community partners, boost outcomes for its clients and tenants, invest in talent, technology, and infrastructure, strengthen governance and leadership succession, and reach binding commitments for the first set of clients and tenants.The company also said that its board had created a new CEO’s office to fill the gap left by Neugebauer’s departure. "The Office of the CEO is designed to provide stable, experienced leadership during this important transition," said Haas.Meanwhile, the board has also begun a formal search for Fermi’s new CEO, appointing executive search firm Heidrick &amp; Struggles for the task. The company also noted that a committee, including Haas and other directors, would work alongside the talent firm on the leadership hunt.Fermi will also establish new corporate headquarters in Dallas, Texas, and form a corporate office at its Project Matador site in Amarillo, Texas.<h2 class="st-heading-2">Wall Street Stance On FRMI</h2>Meanwhile, data from Koyfin shows that Wall Street is optimistic about Fermi, with all nine analysts covering the stock rating it ‘Buy’ or higher. The 12-month average price target on FRMI stock is $23.11, indicating an upside potential of more than 252% from the last close.Earlier this month, Cantor Fitzgerald assumed coverage of FRMI stock with a price target of $8 and an ‘Overweight’ rating on the company’s shares, as per TheFly. Cantor Fitzgerald said it believes AI’s proliferation across most businesses, sectors, and the economy makes AI infrastructure an attractive investment, adding that it sees a persistent imbalance between supply and demand over the next five or more years.<h2 class="st-heading-2">How Did Stocktwits Users React?</h2>On Stocktwits, retail sentiment around <a href="https://stocktwits.com/symbol/FRMI">FRMI stock</a> jumped from ‘neutral’ to ‘bullish’ territory over the past 24 hours amid ‘extremely high’ message volumes.<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_04_20_at_1_49_58_PM_png_8fd325356f.webp" alt="Screenshot 2026-04-20 at 1.49.58 PM.png" width="1291" height="158"></figure>One bullish user cheered Haas’ appointment as Fermi’s chairman, noting his prior experience and calling him a “serious technology infrastructure executive” who would be helming the company.<stembedurl>https://stocktwits.com/njohnson55/message/650745893</stembedurl>FRMI stock has declined more than 25% this year.For updates and corrections, email newsroom[at]stocktwits[dot]com.Also Read: <a href="https://stocktwits.com/news-articles/markets/equity/retail-traders-shrug-off-frmi-crash-call-it-a-long-term-money-play/cZBdTQgRIy1">Retail Traders Shrug Off FRMI Crash — Call It A 'Long-Term Money Play'</a>

In this photo illustration, a smartphone displays the logo of Fermi Inc. (Photo illustration by Cheng Xin/Getty Images)

Why Is FRMI Stock Plunging Over 17% Premarket Today?

Fermi said in a statement early Monday that Chief Financial Officer Miles Everson had resigned from his position, taking a seat on the board instead.

Fermi Inc. (NASDAQ:FRMI) Receives Average Rating of "Buy" from Analysts

Shares of Fermi Inc. (NASDAQ:FRMI - Get Free Report) have earned an average recommendation of "Buy" from the thirteen research firms that are covering the stock, Marketbeat.com reports. One...

<ul class="summary-bullets"><li>On Friday, Fermi announced that, following Neugebauer’s departure, it had established an Interim Office of the CEO to fill the void.&nbsp;</li><li>The company also said it would begin its search for a new leader soon, with additional details expected on Monday.</li><li>The energy and AI infrastructure company has yet to generate revenue, although it aims to generate power and become operational by the end of 2026.</li></ul>Shares of Fermi LLC (FRMI) tumbled more than 16% in overnight trading heading into Monday, extending its decline from Friday’s post-market fall after the company announced that CEO Toby Neugebauer had left his position.Despite the sharp selloff, retail sentiment around <a href="https://stocktwits.com/symbol/FRMI">FRMI stock</a> on Stocktwits shifted from ‘neutral’ to ‘bullish’ over the past 24 hours, hitting its highest level in a week.<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_04_20_at_11_06_14_AM_png_3e93a807d6.webp" alt="Screenshot 2026-04-20 at 11.06.14 AM.png" width="1310" height="766"><figcaption>Source: Stocktwits</figcaption></figure>Meanwhile, message volumes remained at ‘extremely high’ levels as retail users actively discussed the impact of Neugebauer’s departure from the company.<h2 class="st-heading-2">What Do FRMI Retail Traders Feel?</h2>One bullish user said that the CEO’s departure looked like “a great thing” for Fermi, adding that they would not short the stock until the new head was announced.<stembedurl>https://stocktwits.com/Stocklife2020/message/650737795</stembedurl>Another user expressed hopes that Board member Lee McIntire or the company’s current Chief Financial Officer, Miles Everson, would be named as the new CEO.<stembedurl>https://stocktwits.com/analogical/message/650743832</stembedurl>A third bullish user said that FRMI stock is a “long-term money play,” adding that the company’s share price was currently a steal. “Keep buying in 3-4 years, you will be very happy,” the user added.<stembedurl>https://stocktwits.com/Straighttrash/message/650735511</stembedurl><h2 class="st-heading-2">FRMI Stock: Wall Street Optimistic</h2>Earlier this month, Cantor Fitzgerald assumed coverage of FRMI stock with a price target of $8 and an ‘Overweight’ rating on the company’s shares, as per TheFly. The target indicates an upside potential of about 22% from FRMI’s last close.Cantor Fitzgerald said that it believes that AI’s proliferation across most businesses, sectors, and the economy makes AI infrastructure an attractive investment, adding that it sees a persistent imbalance between supply and demand over the following five or more years.Meanwhile, according to data from Koyfin, all nine analysts covering the stock have a rating of ‘Buy’ or higher, with the 12-month average price target at $23.11, indicating an upside potential of more than 252% from the last close.<h2 class="st-heading-2">Leadership Vaccum: What Comes Next?</h2>On Friday, the energy and AI infrastructure company said that after Neugebauer’s departure, it had <a href="https://stocktwits.com/news-articles/markets/equity/why-did-frmi-stock-tumble-in-after-hours-trading-today/cZJydgRRIUp">established an interim CEO office</a> to fill the void, adding that it would soon begin its search for a new leader, with additional details expected on Monday.The Amarillo, Texas-based company has yet to generate revenue, although its 5,800-acre nuclear-powered AI data center campus, called the Matador project, aims to become operational by the end of 2026.FRMI stock has declined more than 79% in the past year.For updates and corrections, email newsroom[at]stocktwits[dot]com.Also Read: <a href="https://stocktwits.com/news-articles/markets/equity/is-ai-driven-market-rally-masking-consumer-pain-george-noble-flags-historic-gap-between-wall-street-and-main-street/cZB5UNFRIyg">Is AI-Driven Market Rally Masking Consumer Pain? Veteran Investor George Noble Flags Historic Gap Between Wall Street And Main Street</a>

In this photo illustration, the Fermi America logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)

Retail Traders Shrug Off FRMI Crash — Call It A 'Long-Term Money Play'

Despite the sharp selloff, retail users on the platform turned bullish on the CEO’s departure from Fermi. 

Fermi Inc. Announces "Fermi 2.0" Strategic Evolution, New Board Chairman, Leadership Transitions, and New Office Locations

Fermi Inc. Announces 'Fermi 2.0' Strategic Evolution, New Board Chairman, Leadership Transitions, and New Office Locations Fermi Inc. Announces 'Fermi 2.0' Strategic Evolution, New Board Chairman...

<ul class="summary-bullets"><li>The company said that the Interim Office of the CEO would include Jacobo Ortiz, its Chief Operating Officer, and Anna Bofa, an observer on its board.&nbsp;</li><li>The AI infrastructure developer said that it intends to begin its search to replace Neugebauer soon, with additional details expected to be released on Monday.&nbsp;</li><li>The company has yet to generate revenue as it develops its Matador project, a 5,800-acre nuclear-powered AI data center campus in Texas.</li></ul>Shares of Fermi LLC (FRMI) tumbled more than 28% in Friday’s extended trading hours after the company reported that its CEO Toby Neugebauer had departed the company.In a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://app.quotemedia.com/data/downloadFiling?webmasterId=102691&amp;ref=319962036&amp;type=PDF&amp;cdn=e387f6899f29edcf08e78f3ef8ed1836&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2026-04-17&amp;cik=2071778">filing</a> with the Securities and Exchange Commission, the company said that Neugebauer had left the company as of April 17, and that an Interim Office of the CEO had been set up to fill the gap.<h2 class="st-heading-2">Leadership Strategy</h2>Fermi said in the filing that the Interim Office of the CEO will include Jacobo Ortiz, Chief Operating Officer at the company, and Anna Bofa, an observer on its board.The AI infrastructure developer said that it intends to begin its search to replace Neugebauer soon, with additional details expected to be released on Monday.The company also provided other leadership updates, adding that it had nominated Chief Financial Officer Miles Everson to its board and increased its board size from five to seven directors.<h2 class="st-heading-2">AI Infrastructure Progress</h2><a href="https://stocktwits.com/news-articles/markets/equity/fermi-has-zero-revenue-and-a-486-million-loss-so-why-is-retail-still-bullish-on-frmi-stock/cZEPY4gRIN6">Fermi reported a $486.4 million net loss</a> from its Jan. 2025 inception through the end of the year, largely due to non-cash charges. The company has yet to generate revenue as it develops its Matador project, a 5,800-acre nuclear-powered AI data center campus in Texas.The company said that its progress has been focused on site readiness, permitting, infrastructure, and tenant discussions. While a prior non-binding lease agreement was terminated, Neugebauer had said that the non-binding letter of intent with the tenant remained in place and continued to serve as a framework for negotiations. The company expects to sign binding tenant deals within a year, with multiple active discussions underway.<h2 class="st-heading-2">How Did Stocktwits Users React?</h2>On Stocktwits, retail sentiment around <a href="https://stocktwits.com/symbol/FRMI">FRMI stock</a> improved from ‘bullish’ to ‘extremely bullish’ territory over the past 24 hours amid ‘high’ message volumes.One user said that despite the selloff, the CEO departure was good news, sounding hope for a new leader with better industry ties.<stembedurl>https://stocktwits.com/DustyWickWood/message/650654551</stembedurl>Another bullish user dismissed the drop on the CEO departure announcement, adding that the company had all the infrastructure set up and was just waiting on a tenant.<stembedurl>https://stocktwits.com/millionairekg87/message/650653661</stembedurl>FRMI stock has declined more than 79% in the past year.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Why Did FRMI Stock Tumble More Than 28% In After-Hours Trading Today?

In a filing with the SEC, Fermi said that CEO Toby Neugebauer had left the company as of April 17, 2026, and that an Interim Office of the CEO had been set up to fill the gap. 

Traders Purchase Large Volume of Fermi Call Options (NASDAQ:FRMI)

Fermi Inc. (NASDAQ:FRMI - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 44,426 call options on the stock. This represents an increase...

Fermi, Inc. engages in the development of energy infrastructure. It intends to develop an energy and data center development campus to support the needs of to-be-built AI infrastructure. The company was founded by Rick Perry, Toby Neugebauer and Griffin Perry on January 10, 2025 and is headquartered in Amrillo, TX.

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Traders are intensely debating whether the ousting of the company founder and leadership team marks a structural collapse or a necessary '2.0' upgrade for future tenant deals.

Many investors view the recent price plunge as an exaggerated market panic and are actively buying the dip, citing strong long-term project fundamentals.

Battle lines are drawn between those anticipating a complete breakdown and investors expecting a massive rebound triggered by upcoming customer announcements.

Discussion remains centered on whether this ambitious data center project can secure its first major hyperscale tenant now that board-level changes have been implemented.

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