10 Stocks Beating Wall Street’s Bets

5. Fermi Inc. (NASDAQ:FRMI)

Fermi snapped a five-day losing streak on Friday, jumping 18.65 percent to close at $23.54 apiece, mirroring the broader market optimism, thanks to renewed optimism for the artificial intelligence (AI) industry.

Fermi Inc. (NASDAQ:FRMI), an energy and data center infrastructure company, is set to benefit more data center developments, known to take up a huge demand for power over the next few years.

Additionally, the rally can be attributed to bargain-hunting after Fermi Inc. (NASDAQ:FRMI) fell to an all-time low during the week, having been dented by analyst concerns about its steep valuation.

Since its market debut on October 1, the company has now been valued at $14.07 billion.

During its initial public offering, Fermi Inc. (NASDQ:FRMI) was able to raise $682 million in fresh funds covering 32.5 million shares at a price of $21 apiece, proceeds of which will be used to support the continued growth and development, secure personnel, and other general corporate purposes.