10 Stocks Investors Are Dumping

7. Fermi Inc. (NASDAQ:FRMI)

Fermi dropped its share prices by 8.94 percent on Tuesday to finish at $9.22 apiece as investor sentiment was primarily dampened by an overall market pessimism amid ongoing trade tensions between the United States and the European Union (EU).

This followed President Donald Trump’s fresh threats over the weekend that he would slap 10 percent tariffs on eight countries opposing his proposed takeover of Greenland beginning February 1, with the potential to raise to 25 percent on June 1 if no deal is made.

Meanwhile, the EU said that it would retaliate with $108 billion of taxes on American goods entering the region, in its bid to protect the Nordic country.

The renewed trade tensions spilled over to global markets, with Wall Street’s main indices all finishing in the red territory, led by the tech-heavy Nasdaq, down 2.39 percent.

In other news, Fermi Inc. (NASDAQ:FRMI) was issued a “buy” recommendation and a $23 price target from Texas Capital Securities, but it was not enough to propel its share prices higher.

The price target, on the other hand, marked a 149 percent upside potential from its latest closing price.

Texas Capital said that Fermi Inc. (NASDAQ:FRMI) is uniquely positioned to capitalize on constraints facing hyperscalers as they continue developing data centers to support AI computing needs.

Specifically, Texas Capital was optimistic for the listed firm’s Project Matador—the world’s largest hybrid energy and data center campus, saying that hyperscalers are able to bypass long interconnection queues and achieve high reliability standards by colocating with the behind-the-meter power provider.