Core Insights - Fermi Inc. (NASDAQ:FRMI) has experienced significant declines, dropping to an all-time low of $21.26 amid investor concerns regarding energy stocks linked to the AI bubble [1][3] - Analysts express worries that the AI bubble may adversely affect energy stocks, which have seen record highs year-to-date [2] - Fermi Inc. is perceived as overpriced, with a market capitalization of $12 billion against only $2 billion in paid-in capital [3] Company Performance - Fermi Inc. fell by 14.49% to close at $21.71 after reaching a 52-week low during intra-day trading [1] - The company raised $682 million during its IPO by issuing 32.5 million shares at $21 each [4] Market Context - The energy sector is facing skepticism as analysts highlight that unlike profitable tech companies, energy stocks may not sustain their value if the AI boom diminishes [2][3] - Fermi Inc. was newly listed on October 1, aiming to capitalize on the AI trend [3]
Fermi (FRMI) Drops to All-Time Low