On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Fermi Inc. (NASDAQ:FRMI) “should never have come public. It’s the kind of thing that got caught up in the mania. It came public, lost people a lot of money.”

The Texas-based real estate investment trust went public on Oct. 1, 2025, about a year ago. It priced its IPO at $21 a share the night before, Sept. 30, 2025, and began trading on the Nasdaq and the London Stock Exchange the next day.

On its first day, Fermi opened about 19% above the IPO price.

On the earnings front, Fermi reported a second-quarter loss of 4 cents per share on Aug. 13, versus the analyst consensus estimate of a loss of 7 cents per share.

Cramer said he doesn’t want to put anybody anywhere near anything aerospace right now, when asked about HEICO Corporation (NYSE:HEI).

Guggenheim analyst Michael Ciarmoli initiated coverage on Heico on Sept. 15 with a Neutral rating.

When asked about Grab Holdings Limited (NYSE:GRAB), he said, “I don’t know what’s going to turn that thing around.”

In recent news, the company announced on Sept. 15 a definitive agreement to acquire a controlling 60% equity interest in Atome Financial for $1.49 billion in cash.

Price Action

  • Fermi shares gained 0.5% to settle at $4.28 on Tuesday.
  • Heico shares rose 0.8% to close at $307.11 during the session.
  • Grab rose 0.8% to settle at $3.12 on Tuesday.

See More: Top Value Stocks

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