10 Stocks on Fire Ahead of 2026

3. Fermi Inc. (NASDAQ:FRMI)

Fermi bounced back by 7.58 percent on Tuesday to close at $8.09 apiece as investors resorted to bargain-hunting following a four-day losing streak.

The rally was supported by continued investor confidence for the artificial intelligence industry and the strong data center demand, despite taking a beating earlier this month for losing one of its major tenants.

It can be recalled that a major tenant, which it did not identify, decided to pull out of a $150 million agreement earlier. It did not divulge the reason for the termination.

However, Fermi Inc. (NASDAQ:FRMI) assured its investors that it remains in discussions with other companies for potential leasing agreements.

In support of the campus development, Fermi Inc. (NASDAQ:FRMI) earlier this month inked a power supply agreement with Southwestern Public Service Company (SPS), a subsidiary of Xcel Energy, for the delivery of up to 200 MW of power capacity to the data center.

Fermi Inc. (NASDAQ:FRMI), also known as Fermi America, is a company engaged in the development of next-generation private electric grids to deliver highly redundant power to support AI.