Part 12/13:

Conclusion: A Cautionary Tale on Speculative Markets

Fermy America exemplifies the excesses prevalent in today’s speculative markets: an unproven company with no revenue, untested technology, and grandiose ambitions is valued at billions based on hype, political connections, and AI-generated content. The collapse of their initial customer agreement underscores how fragile these speculative bubbles are. It also highlights the risks inherent in blindly following narrative-driven investments without grounding in operational reality.