Fermi Inc. (NASDAQ:FRMI) was mentioned by Jim Cramer for its $19 billion valuation, despite being more of a business plan than a business. The company plans to build a massive data center in Texas with its own power generation, including a nuclear reactor. The stock has dropped from $32 to under $10.

Fermi Inc. (NASDAQ:FRMI) is developing large-scale next-generation electric grids to power advanced artificial intelligence. Their planned campus will integrate nuclear, natural gas, solar, battery storage, and utility power for redundant gigawatt-scale energy delivery.

While FRMI has potential, some AI stocks offer greater upside with less downside risk. For an undervalued AI stock poised to benefit from Trump-era tariffs and the onshoring trend, check out a free report on the best short-term AI stock.

For more stock insights, read about 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now on Insider Monkey. No disclosure information provided in the article.

Read more at Yahoo Finance: Jim Cramer Says “Fermi’s More of a Business Plan Than a Business”