New week, new drama
Fermi is back in the spotlight, and not for the shiny-data-center-building reasons it probably wanted. The company’s stock dropped about 20% after its CEO and finance chief departed, which is the corporate version of two pilots bailing on a plane mid-flight.
Why the market hates this
When both the CEO and the money person leave at once, investors immediately start asking the annoying-but-important questions:
- Was there a strategy fight?
- Did the business plan crack under pressure?
- Is this just a clean reset, or a sign the wheels are coming off?
For a company like Fermi, which is pitching itself as a data-center developer in a market that already has enough hype to power a small city, confidence matters a lot. Leadership instability can make fundraising, execution, and customer trust a lot harder.
Big picture
This looks less like a tiny housekeeping note and more like a trust test. If Fermi can quickly show a stable replacement plan and a believable roadmap, the panic could cool off. If not, the market may keep treating the stock like it’s riding a roller coaster with no seatbelts.