📊 Midday Market Take

Hey there, hope your Wednesday is going better than the markets right now. The S&P 500, Nasdaq, and Dow are all sliding, down roughly 1 to 1.3 percent across the board as of midday.

Tech is taking the hardest hit today, dragging the Nasdaq lower and making growth stocks the clear laggard this session. Keep an eye on whether buyers step in during the final hour, because late-session bounces have been a theme lately and could soften the blow.

Fermi Inc.

Fermi Inc. engages in the development of private power campus for AI-centric customers in the United States. The company also develops, owns, and leases grid-independent energy generation and high-performance computing campuses; develops and operates integrated power generation and computing infrastructure.

3 Reasons to Watch FRMI

• A Co-Founder Is Pushing For Change. A co-founder is calling for a board shake-up and a strategic review of Project Matador, which signals real internal disagreement about the company's direction. When founders start agitating publicly, it usually means something significant is about to shift — for better or worse.
• The Stock Just Popped Nearly 20% In One Day. FRMI jumped over 19% today and is up more than 33% in the last month, so there is clearly some serious momentum building around this name right now. That said, the stock is still down about 19% over the past 90 days, meaning today's buyers think the worst of that selloff is behind them.
• Insider Selling Adds A Layer Of Caution. The company's Chief Nuclear Officer recently sold nearly 160,000 shares for around $1 million, which is the kind of move that tends to make investors pause and ask questions. It does not automatically mean trouble, but when a senior executive is cashing out right as the stock is surging, it is worth keeping a close eye on what comes next.

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