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AI data center developer Fermi's stock price once soared by 9%, but has now narrowed to 3.1%. After the company completed its IPO on September 30th at $21 per share, Mizuho Securities, Stifel, UBS, and Rothschild & Co. have all initiated research coverage, giving a target price range of $27 to $31. Despite Fermi currently having no revenue, analysts are optimistic about its partnership agreement to produce nuclear reactors for AI data center parks in Texas.
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