Why New AI IPO Stock Fermi Is Rebounding After Plunging Over 40% in 2 Days

Fermi (NASDAQ: FRMI) is perhaps among the few artificial intelligence (AI) stocks you'd not have heard about until its recent wild price swings. The stock soared 17.2% at its highest point in trading on Tuesday, but that's after a 44% plunge over the previous two trading days. Is this a dead cat bounce or an opportunity to buy Fermi before it's too late?Image source: Getty Images.Fermi is building what it claims will be the world's largest next-generation private power grid with an 11-gigawatt capacity. Its Project Matador campus in Texas will integrate a mix of natural gas, nuclear energy, solar power, and battery storage to deliver on-site power to hyperscalers, supporting the voracious power needs of AI data centers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool