Reported 1 day ago
Fermi Inc. (NASDAQ:FRMI) experienced a significant drop of 7.87% to $26.35 per share on Monday as investors opted to take profits following a recent surge that highlighted its 25% upside potential. The stock, which debuted at an IPO price of $21 just last week, has now lost ground for three consecutive days. Fermi also announced the appointment of Toby Neugebauer as CEO under a three-year employment agreement. Despite its innovative efforts in developing next-generation electric grids, some analysts suggest that there are more promising AI stocks available.
Source: YAHOO