Fermi CEO, CFO Depart; Shares Drop

AI nuclear power startup Fermi announced the sudden departures of its CEO, Toby Neugebauer, and CFO, Miles Everson. This news caused the company's shares to plummet by 22%. Neugebauer will remain on the board, while Everson has been appointed as a director. The company is undergoing a restructuring, referred to as 'Fermi 2.0,' which includes relocating its headquarters. These changes come amid reported struggles with its Project Matador, an AI campus powered by nuclear reactors, and friction with a key customer.