Jim Cramer Calls Fermi Inc (FRMI) A "Fascinating" Deal

We recently published 12 Stocks Jim Cramer Mentioned In An Episode Where He Briefly Commented On Data Centers. Fermi Inc. Common Stock (NASDAQ:FRMI) is one of the stocks Jim Cramer recently discussed.

Fermi Inc. Common Stock (NASDAQ:FRMI)’s shares were listed for trading the day this episode was aired. It is a company seeking to target the growing needs of AI infrastructure by building a data center complex powered by nuclear, natural gas, and solar power. Through these power sources, Fermi Inc. Common Stock (NASDAQ:FRMI) aims to rely on clean energy to power AI data centers. Cramer commented on the firm after co-host David Faber mentioned that an immediate dilution of $18.90 was suboptimal. Since the day the shares started trading, they have lost 6.7%. Here is what Cramer said about Fermi Inc. Common Stock (NASDAQ:FRMI):

“I think it is, it may be suboptimal, this fellow. . . Toby Neugebauer, well he had an anti-woke bank. . .

“I think that this is one of the most fascinating deals of all time. Because what it says is that. . .well because it’s very rare that I see a deal where it’s like, I have an idea, let’s raise 13 billion. . .”

While we acknowledge the potential of FRMI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.