Fermi Inc. (NASDAQ:FRMI) is one of the stocks Jim Cramer put under the microscope. Cramer said that it is too early for him to be comfortable recommending the stock. He stated:
“Now, I find that this whole thing is kind of astonishing. See, this is a company that didn’t exist at the beginning of the year. Right now, I think it’s kind of more of a business plan than an actual business… Given the nature of this business, it could be a long, long time before these guys are turning a profit. So the restructure, I found it was quizzical. By the way, in case you hadn’t gathered this by now, there are really no financials to discuss with Fermi at this point. The company hasn’t had any revenue, and it’s incurred a little over $6 million in expenses through its first nine months of existence…
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
Fermi Inc. (NASDAQ:FRMI) is developing large-scale next-generation electric grids designed to power advanced artificial intelligence. The company’s planned campus will integrate nuclear, natural gas, solar, battery storage, and utility power to deliver highly redundant gigawatt-scale energy.
While we acknowledge the potential of FRMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
