Fermi Inc. (FRMI) surged by 13.39% on Tuesday to close at $9.74 as investors reinvested in AI and high-performance computing companies. This came after concerns about heavy investments in the sector were priced in. Additionally, Fermi rallied alongside other AI companies after a dip the previous day due to a tenant pulling out of a leasing agreement worth $150 million. Despite this setback, Fermi remains in discussions with other potential tenants for leasing agreements. The company previously inked a power supply agreement for its 11 GW data center campus in Texas. While FRMI shows potential as an investment, other AI stocks may offer higher returns with limited downside risk. For more information, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Fermi (FRMI) Climbs 13% as Funds Flow Back to AI