Jim Cramer on Fermi: “I Don’t Want You in That Stock”

Fermi Inc. (NASDAQ:FRMI) was among Jim Cramer’s stock calls on Mad Money recently as he recapped mega-cap tech earnings. Toward the end of the lightning round, when a caller asked about the stock, Cramer said:

Now that is one that I can’t bless at all. That seems not even like a science project; it’s more like a kind of science drive-by. I don’t want you in that stock.

Photo by AlphaTradeZone

Fermi Inc. (NASDAQ:FRMI) is developing large-scale next-generation electric grids designed to power advanced artificial intelligence. The company’s planned campus will integrate nuclear, natural gas, solar, battery storage, and utility power to deliver highly redundant gigawatt-scale energy. During the March 6 episode, a caller asked whether the company’s stock was a buy, sell, or hold, and Cramer replied:

This is really hard. It’s a really speculative stock, and so I’m just going to be really blunt, and I’m going to tell you I want you to sell it… Just sell it, okay? I just don’t like it, and I always feel so, I know that sounds very harsh, but I think it’s a loser. Was a loser from the day it came public, even as I like the people who are involved. Ouch.

While we acknowledge the risk and potential of FRMI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FRMI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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