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.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.