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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 significant partnership with NVIDIA to integrate its QNX safety-certified OS into advanced AI-driven industrial and robotics platforms, marking a shift from legacy perceptions to a key player in physical AI. Community sentiment remains highly bullish, with investors focusing on the company's turnaround, strengthened fundamentals, and the expectation of long-term growth as the stock reclaims multi-year highs on heavy 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 experiencing a massive, sustained short squeeze, with community discussion intensely focused on the stock's parabolic climb and the intense battle between institutional players and short sellers. Market participants are heavily debating the potential for a massive equity offering once the current quiet period expires, while many traders warn of an inevitable and sharp reversal reminiscent of historic meme stock crashes.

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

RaveDAO is experiencing extreme volatility following allegations of market manipulation and insider dumping, leading the community to heavily debate whether the token is a classic pump-and-dump scheme or a high-risk opportunity for a short squeeze. Investors are currently split between those aggressively trying to scalp a 'dead cat bounce' and those warning of further downside risks following the dramatic decline from its recent peak.

Strategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platforms through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Tysons Corner, VA.

Strategy Inc. - Ordinary Shares - Class A

Strategy

MicroStrategy is seeing a massive surge in volume and bullish sentiment as the stock benefits from its aggressive Bitcoin acquisition strategy and the proposal for semi-monthly dividends on its preferred shares. Community members are actively debating the potential for a major short squeeze, with many pointing to Bitcoin's recent strength and the stock's position as a levered proxy as catalysts for a move toward higher resistance levels.

XRP is a decentralized digital asset and the native token of the XRP Ledger, a Layer 1 blockchain designed for high-performance global payments. Its primary value proposition is offering a fast, cost-effective alternative to traditional banking systems by enabling near-instant cross-border settlements that finalize in three to five seconds. By serving as a neutral bridge asset between different fiat currencies, it helps financial institutions lower liquidity costs and eliminates the need for pre-funded accounts.  The network is unique because it utilizes a federated consensus protocol instead of energy-intensive mining or staking. This system achieves deterministic finality through a Unique Node List of trusted validators who must reach an eighty percent agreement threshold to permanently record transactions. This infrastructure supports a sustained throughput of 1,500 transactions per second and includes a built-in decentralized exchange that allows for the automated trading of any tokenized asset without intermediaries.  The project traces its origins back to 2004 with Ryan Fugger before being co-founded in its modern form by Jed McCaleb and Chris Larsen. The company, now known as Ripple, works with major financial institutions as partners and investors to build global payment solutions. To protect the network from spam, a small amount of XRP is burned during every transaction, and the token is further utilized by institutions as collateral to access traditional markets and manage digital asset infrastructure.  Institutional adoption of the asset reached a major milestone in November 2025 when the SEC approved the first wave of spot XRP ETFs. These products, offered by major issuers including Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton, are now listed on prominent exchanges like the NYSE Arca, Nasdaq, and Cboe BZX. While Ripple remains a key contributor to the ecosystem, the underlying XRP Ledger continues to operate as an open-source and decentralized network.

Ripple

XRP is trending amid heightened institutional interest, with the community actively speculating on the potential impacts of the Clarity Act and the resolution of regional geopolitical tensions. Investors remain focused on accumulation strategies while debating the asset's long-term utility versus its recent range-bound price action.

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 stock is seeing heightened investor interest following a massive commitment to expand its AI infrastructure through a multi-billion dollar investment and cloud deal with Anthropic. The market is actively discussing the strategic move as a way for Amazon to secure a long-term demand anchor for its AWS and custom chip ecosystem, leading to bullish sentiment regarding the company's deepening role in the AI compute stack.

AXT, Inc. engages in the design, development, manufacture and distribution of compound and single element semiconductor substrates. It also sells specialty material substrates and raw materials used to make substrates and other related products. The company was founded by Morris S. Young and Davis Zhang in 1986 and is headquartered in Fremont, CA.

AXT Inc

AXT Inc. is facing intense volatility and downward pressure following news of a proposed equity offering to expand production capacity for its indium phosphide substrates. While community members are polarized between those betting on long-term AI infrastructure demand and those labeling the stock a speculative bubble prone to dilution, the active conversation remains dominated by concerns over the potential share count increase and skepticism regarding the company's valuation.

Maase, Inc. engages in the provision of intelligent technology-driven family and enterprise services. It operates through the following business segments: Insurance Agency and Wealth Management. The Insurance Agency segment involves in providing agency services for distributing life and non-life insurance products on behalf of insurance companies. The Wealth Management segment offers financial advisory, investment planning, and asset management services for individuals, families, and corporate clients, utilizing data-driven insights and digital platforms to optimize financial outcomes. The company was founded by Hai Feng Yu on August 6, 2018, and is headquartered in Guangzhou, China.

Maase Inc. - Ordinary Shares - Class A

Highest Performances Holdings Inc. - ADR

The community is currently caught in a volatile tug-of-war as traders debate whether MAAS represents a sustainable AI-driven infrastructure play or a high-risk Chinese pump-and-dump scheme. Investors are heavily focused on the stock's massive intraday swings and aggressive price action, fueling speculative battles between longs betting on breakout potential and shorts anticipating a sharp correction.

USA Rare Earth, Inc. is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas. The company was founded in May 2019 and is headquartered in Stillwater, OK.

USA Rare Earth Inc. - Ordinary Shares - Class A

USA Rare Earth Inc

USA Rare Earth is seeing intense market activity following a strategic agreement to acquire the Serra Verde rare earth mine in Brazil, a move analysts view as a significant step toward domestic supply chain independence. While some investors remain cautious regarding potential dilution, the community is actively debating the company's long-term positioning as a vertically integrated producer versus the immediate risks posed by share issuance.

Hertz Global Holdings, Inc. engages in the vehicle rental business through the Hertz, Dollar, and Thrifty brands. It operates under the Americas Rental Car (RAC) and International Rental Car (RAC) segments. The Americas RAC segment focuses on operations in the United States, Canada, Latin America, and the Caribbean. The International RAC segment includes the provision of rental and sales of vehicles and value-added services in other locations. The company was founded in 1918 and is headquartered in Estero, FL.

Hertz Global Holdings Inc. - Ordinary Shares (New)

Hertz Global Holdings Inc

Hertz is currently experiencing significant retail and institutional interest as investors monitor signs of a potential short squeeze amid elevated short interest and low float. Community discourse is heavily focused on comparing the stock's movement to peers, tracking gamma ramp activity, and debating the company's long-term turnaround potential despite recent 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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