The0
10-02

$Fermi Inc.(FRMI)$ Fermi listed its shares on Wednesday during trading hours, where it hovered at $25 to $29 for most of its trading session, during the last 10 minutes it pushed its daily high every other minute, closing just over $35.65.

Fermi had a land lease to building one of the largest AI-fueled Data Centres in the States. It's IPO came at a very strategic timing, with the AI wave as a tailwind and Rick Perry (Former Texas governor and friend of President Trump) as a co-founder of the company.

Closest comp will be Data Centre giant, CoreWeave.

I entered a fairly sizable position and exit quickly, if I were to have held it to post market, my gains would've quadrupled.

Modified in.10-02
Fermi AI data center power provider issues IPO
Fermi, a Texas company dedicated to using natural gas power plants and nuclear reactors to power AI data centers, priced its IPO at $21 per share, issuing a total of 32.5 million shares, valuing it at about $13 billion. From non-existence to imminent listing in just 10 months, Fermi faced challenges and risks.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
2