Why Fermi Stock Collapsed 41% Last Month
Shares of Fermi (NASDAQ: FRMI) collapsed 41% in March, according to data from S&P Global Market Intelligence. The recently public real estate investment trust (REIT) is trying to build a private power grid for the artificial intelligence (AI) boom, but is struggling to find tenants.
Going public less than a year ago, Fermi's stock is now down by more than 80% from its highs. The company still has grand ambitions to greatly increase electric power capacity in the United States. Here's why it was falling yet again last month, and whether it is a buy right now.
One of the bottleknecks of the AI revolution is building enough electric power for the data centers to train and run AI models. Fermi saw this opportunity and incorporated as a REIT in early 2025.
Source Fool.com
