Group 1 - Fermi Inc. went public in early October with a valuation of $19 billion, which was considered excessive given its business plan rather than a fully established business [1] - The company's plan includes building a large data center in Texas and developing its own power generation capabilities, including a nuclear reactor [1][2] - The stock price has significantly declined from $32 at its IPO to under $10 [1] Group 2 - Fermi Inc. is focused on developing next-generation electric grids to support advanced artificial intelligence, integrating various energy sources such as nuclear, natural gas, solar, and battery storage [2] - There are other AI stocks in the market that are perceived to have greater upside potential and lower downside risk compared to Fermi Inc. [3]
Jim Cramer Says “Fermi’s More of a Business Plan Than a Business”