Fermi (FRMI) Falls on AI Bubble Impact Fears on Energy Stocks

Group 1 - Fermi Inc. (NASDAQ:FRMI) experienced a significant decline in share prices, dropping by 5.96% to close at $25.39 due to investor concerns regarding energy stocks linked to the AI bubble [1][3] - The energy sector is facing challenges as a group of non-revenue-generating energy companies has amassed over $45 billion in hopes of future contracts with tech companies [2] - Fermi Inc. is a newly listed energy company that raised $682 million during its IPO by offering 32.5 million shares at $21 each, capitalizing on the AI frenzy [3] Group 2 - There is a belief that certain AI stocks may offer higher returns with limited downside risk compared to energy stocks like Fermi Inc. [4]