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The YouTuber warns against Fermi, which recently went public with a $19 billion valuation but lacks binding customer contracts and has secured only 5% of its power generation equipment goals. He suggests using deep out-of-the-money put options as an insurance strategy against a potential AI bubble collapse, given the stock's speculative nature.
“Shares of Fermy, ticker FRMI, just went public this month at a $19 billion valuation without lining up any binding customer contracts and only securing enough equipment to meet 5% of its power generation goals.”