{
  "id": 14311590,
  "title": "Stock Market Today, Oct. 13: Fermi Surges 14% on AMD Credit Support for Project Matador",
  "url": "https://urgent.news/2026/10/13/stock-market-today-oct-13-fermi-surges-14-on-amd-credit-support-for-14311590",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T20:54:26.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/coverage/stock-market-today/2026/10/13/stock-market-today-oct-13-fermi-surges-14-on-amd-credit-support-for-project-matador/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Fermi (FRMI) stock surged 14% to close at $3.72 on October 13, 2023, after securing a credit support agreement with AMD for Phase 1 of Project Matador. Trading volume surged to 86.0 million shares, a notable 352% increase compared to the company's three-month average of 19.0 million shares. Fermi, an AI campus and power infrastructure developer, went public in 2025 and has since experienced an 89% decline in stock price. The S&P 500 and Nasdaq Composite both closed at 7,805 and 27,204, respectively, with minor declines of 0.02% and 0.15%. In the power generation and AI data-center infrastructure sector, Quanta Services and Talen Energy saw smaller gains and losses. Fermi's credit agreement with AMD is a significant step, enabling the company to support 222 megawatts of gross power capacity for its first customer lease, announced on August 10, 2026. AMD and Fermi have also agreed to a framework for potential expansion up to 650 megawatts.",
  "summary": "AMD's backing of Fermi's 222 MW lease signals financing momentum for AI campus infrastructure, though full funding hurdles remain ahead, Oct. 13, 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Stock Market Today, Oct. 13: Fermi Surges 14% on AMD Credit Support for Project Matador",
        "url": "https://urgent.news/2026/10/13/stock-market-today-oct-13-fermi-surges-14-on-amd-credit-support-for",
        "published": "2026-10-13T21:14:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}