Fermi Stock Rallies on New Nuclear Alliance

Fermi ($FRMI) shares rose 18.55% to $25.30 in premarket trading after the U.S.-based nuclear and data center company announced a strategic partnership with Doosan Enerbility and Hyundai Engineering & Construction of South Korea.

The deal comes ahead of President Donald Trump’s scheduled visit to South Korea this week, further amplifying investor attention on nuclear and energy cooperation between the two nations.

Details of the Agreement

Fermi, co-founded by former U.S. Energy Secretary Rick Perry, said the partnership will focus on:

Developing and deploying small modular reactors (SMRs)
Leveraging nuclear energy to power data centers
Expanding next-generation energy infrastructure to meet rising AI-driven electricity demand

The agreement strengthens U.S.–Korea collaboration in clean energy technology and data infrastructure, with both nations aiming to enhance grid reliability and energy independence.

Strong Analyst Support Following IPO

Fermi shares have been on a tear since the company went public earlier this month, rising about 20% since listing.

Investor optimism deepened on Friday after several major banks, including Mizuho, Evercore, and Cantor Fitzgerald, initiated coverage with “Buy” ratings, citing the firm’s unique positioning at the intersection of nuclear power and AI data centers.

Strategic Context

The partnership reflects a broader trend of energy–tech convergence, as nuclear energy gains new momentum as a carbon-free power source for AI infrastructure.
Fermi’s plan to integrate SMR technology into hyperscale data center design positions it as a potential key player in the AI infrastructure supply chain.