CEO and CFO suddenly depart AI nuclear power upstart Fermi

Fermi, an AI nuclear power startup developing a Texas data center campus powered by nuclear reactors, faces significant leadership instability with the sudden departure of its CEO and CFO, triggering a 22% stock decline. The company's flagship Project Matador has encountered operational challenges including friction with key customers, raising concerns about execution risk in the emerging AI infrastructure and nuclear power convergence space. This leadership vacuum at a critical vendor highlights the volatility in the nascent AI-powered data center ecosystem and potential supply chain risks for organizations dependent on specialized power infrastructure.