Key breakthrough for funding in AI data centers! Fermi (FRMI.US) partners with AMD (AMD.US) to obtain credit support; shares surge at market open

Zhitong Finance APP has learned that Fermi (FRMI.US), a company focused on developing AI hyperscale data centers, announced on Tuesday that it has signed a credit support agreement with AMD (AMD.US) to support a leasing arrangement for the first phase of its Project Matador energy and AI facility campus in Texas. This marks a key milestone for the project in terms of securing financing. Boosted by this news, Fermi's shares rose 18% in early U.S. trading on Tuesday as of press time.