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Reuters
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Data center REIT Fermi tumbles 40% after potential customer backs out of funding deal

1. Fermi's shares fell 40% due to a terminated tenant deal. 2. The loss impacts Fermi's construction funding for its Texas site.

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FAQ

Why Very Bearish?

A 40% plunge signals severe loss of investor confidence. Historical precedents indicate tenant losses often correlate with long-term price declines.

How important is it?

The termination of a major deal directly undermines Fermi's growth prospects and operational stability, making the issue critically relevant.

Why Short Term?

The immediate impact from the deal's termination is significant and will likely affect stock performance quickly. Similar past incidents have shown rapid market reactions.

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