Early-Stage RisksFermi faces substantial risks due to its early-stage nature, which are reflected in the current stock pricing.
Pricing Power UncertaintyThere is a debate on whether FRMI can achieve pricing power, which is an out-of-consensus view.
Regulatory And Capital ChallengesThere are significant risks for Fermi Inc., including regulatory challenges, long-term capital needs, supply-chain issues, and competition.