Why Is Fermi (FRMI) Stock Up 11.52% Today, Sep 8? AI Power Demand and Project Matador Support the Rebound

Fermi (NCSKFRMI2USD) rose 11.52% largely on sector rotation into AI data-center power and infrastructure rather than a new company catalyst. The move reinforces how sentiment-driven the name is, with the market still focused on execution risk around Project Matador (financing, permitting, construction, and delivery). Existing TensorWave contracted revenue provides context, but near-term trading likely remains sensitive to broader AI-power theme flows.