Data Center Startup Fermi Ousts CEO After Stock Slides
The firm plans to power data centers on a grand scale but has struggled to secure clients.
Neugebauer, center left, and Rick Perry, center right, ringing the closing bell during the company's initial public offering at the Nasdaq on Oct. 1.
Photographer: Victor J. Blue/Bloomberg
Today’s newsletter focuses on troubles at Fermi , the nuclear-for-AI company that went public last year with a $19 billion valuation. Plus, a new frontier for catastrophe bonds.
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