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Fabric.AI (FABC)

Market Price (6/10/2026): $3.96 | Market Cap: $5.8 MilSector: Consumer Discretionary | Industry: Automobile Manufacturers

Fabric.AI (FABC)

Market Price (6/10/2026): $3.96
Market Cap: $5.8 Mil
Sector: Consumer Discretionary
Industry: Automobile Manufacturers

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Cloud Computing. Themes include AI Software Platforms, Data Centers & Infrastructure, Show more.

Weak multi-year price returns
3Y Excs Rtn is -29%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -10 Mil

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is null, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -92%

High stock price volatility
Vol 12M is 194%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 97%

0 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Cloud Computing. Themes include AI Software Platforms, Data Centers & Infrastructure, Show more.
1 Weak multi-year price returns
3Y Excs Rtn is -29%
2 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -10 Mil
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is null, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -92%
5 High stock price volatility
Vol 12M is 194%
6 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 97%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/9/2026

Fabric.AI (FABC) stock has gained about 45% since it went public on 4/30/2026 because of the following key factors:

1. Strategic Pivot to AI Infrastructure.

Fabric.AI executed a significant strategic pivot in late April 2026, rebranding from StableX Technologies Inc. and shifting its focus from a digital asset treasury strategy to developing fabless semiconductor technologies for AI infrastructure. This move positions the company in the high-growth sector of "AI factories," aiming to address data movement bottlenecks with its Neural I/o™ MicroLED optical interconnect platform. The anticipated market for next-generation AI interconnects is projected to exceed $100 billion annually.

2. Key Partnership and Product Development with Kopin.

The company solidified its new direction by entering into a Joint Development and License Agreement with Kopin Corporation to co-develop the Neural I/o™ MicroLED optical interconnect technology. This partnership includes a commitment of up to $15 million from Fabric.AI for development, with a further $15–$25 million anticipated for production after a successful demonstration. Kopin will also manufacture the products and holds a 19.9% equity stake in Fabric.AI, demonstrating a strong, collaborative effort toward commercialization.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

2/28/2026 to 6/9/2026
ReturnCorrelation
FABC  
Market (SPY)7.7%25.3%
Sector (XLY)-0.6%35.4%

Fundamental Drivers

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Market Drivers

11/30/2025 to 6/9/2026
ReturnCorrelation
FABC  
Market (SPY)8.5%25.3%
Sector (XLY)-1.6%35.4%

Fundamental Drivers

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Market Drivers

5/31/2025 to 6/9/2026
ReturnCorrelation
FABC  
Market (SPY)26.5%25.3%
Sector (XLY)9.2%35.4%

Fundamental Drivers

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Market Drivers

5/31/2023 to 6/9/2026
ReturnCorrelation
FABC  
Market (SPY)83.3%25.3%
Sector (XLY)56.6%35.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FABC Return-----37%37%
Peers Return58%-58%38%14%39%7%55%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
FABC Win Rate-----33% 
Peers Win Rate65%33%54%54%63%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
FABC Max Drawdown------ 
Peers Max Drawdown-27%-66%-38%-40%-30%-25% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: F, FABC, TSLA, GM, RIVN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/9/2026 (YTD)

How Low Can It Go

FABC has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

EventXLYS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven105 days79 days
2024 Yen Carry Trade Unwind
  % Loss-11.2%-7.8%
  % Gain to Breakeven12.6%8.5%
  Time to Breakeven37 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.6%-9.5%
  % Gain to Breakeven15.8%10.5%
  Time to Breakeven42 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-35.9%-24.5%
  % Gain to Breakeven56.0%32.4%
  Time to Breakeven874 days427 days
2020 COVID-19 Crash
  % Loss-33.9%-33.7%
  % Gain to Breakeven51.3%50.9%
  Time to Breakeven82 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.6%-19.2%
  % Gain to Breakeven24.4%23.8%
  Time to Breakeven98 days105 days

Compare to F, FABC, TSLA, GM, RIVN

In The Past

State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

FABC has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

EventXLYS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven105 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-35.9%-24.5%
  % Gain to Breakeven56.0%32.4%
  Time to Breakeven874 days427 days
2020 COVID-19 Crash
  % Loss-33.9%-33.7%
  % Gain to Breakeven51.3%50.9%
  Time to Breakeven82 days140 days
2008-2009 Global Financial Crisis
  % Loss-51.0%-53.4%
  % Gain to Breakeven104.3%114.4%
  Time to Breakeven372 days1085 days

Compare to F, FABC, TSLA, GM, RIVN

In The Past

State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Fabric.AI (FABC)

Ayro, Inc. designs and manufactures electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use. The company provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers. It also offers AYRO vehicles to internal combustion engine vehicles for light duty uses, including low-speed logistics, maintenance, and cargo services; and Club Car 411 for low-speed logistics and cargo services for campus. The company was formerly known as AEV Technologies, Inc. Ayro, Inc. was founded in 2017 and is headquartered in Round Rock, Texas.

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  • Club Car (subsidiary of Ingersoll Rand, IR)
  • Cenntro Electric Group (CENN)

AI Analysis | Feedback

Fabric.AI (symbol: FABC) has recently transformed into an AI infrastructure company, focusing on developing fabless semiconductor technologies. The company previously traded as StableX Technologies. Here is information on its management team members:

Joshua Silverman

Chief Executive Officer and Executive Chairman

Mr. Silverman was appointed Chief Executive Officer of Fabric.AI (formerly StableX Technologies) in December 2023. Prior to this, he held numerous leadership roles, including CEO of Etsy from 2017 to 2025, where he was credited with revitalizing the company and leading its growth, and overseeing the acquisition of Depop for $1.6 billion. He also served as CEO of Skype from 2008 to 2010 and CEO of Shopping.com, an eBay company, from 2006 to 2008. Earlier in his career, Mr. Silverman co-founded Evite, an online invitation platform, which was acquired by IAC/InterActiveCorp in 2001. He was also the President of Consumer Products and Services at American Express and an Executive in Residence at the venture capital firm Greylock Partners. Additionally, Mr. Silverman was a co-founder and managing partner of Iroquois Capital Management, LLC, an investment advisory firm, and co-chief investment officer of Vertical Ventures, LLC, a merchant bank.

Joseph Ramelli

Chief Financial Officer

Mr. Ramelli was appointed Chief Financial Officer of StableX Technologies (now Fabric.AI) in August 2024. He brings nearly 30 years of experience in the Biotechnology, Biopharmaceutical, and Financial Services industries. His past roles include serving as Interim Chief Financial Officer from 2020 to 2021 and being a founding member of ValenzaBio, where he was responsible for establishing and expanding all finance functions. From 2016 to 2018, Mr. Ramelli served as Chief Executive Officer of Marina Biotech. He is also an investor and strategic advisor with Ramelli Asset Management and, since 2023, has held the position of Vice President of Business Development at Origin Agritech Ltd.

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Expected Drivers of Future Revenue Growth for Fabric.AI (FABC)

Fabric.AI (FABC) is strategically repositioning itself as an AI infrastructure company, shifting its focus from digital assets to developing advanced semiconductor technologies for "AI factories." Over the next 2-3 years, several key drivers are expected to fuel its revenue growth:

  1. Development and Commercialization of MicroLED-based Optical Interconnect Technology: Fabric.AI's primary near-term revenue driver is the development and commercialization of its MicroLED-based optical interconnect technology. This initiative, undertaken in partnership with Kopin Corporation, is described as the company's "first major product initiative" and aims to address bottlenecks in AI data centers, targeting a market opportunity estimated at well over $100 billion.

  2. Expansion of Fabless Semiconductor Technologies for AI Workloads: Beyond its initial MicroLED interconnects, Fabric.AI plans to develop a broader suite of fabless semiconductor technologies. This expansion into a wider range of solutions for artificial intelligence workloads positions the company to capture additional market share within the rapidly growing AI infrastructure sector.

  3. Strategic Partnerships and Collaborations: The company's strategic partnership with Kopin Corporation is crucial for the successful development and deployment of its MicroLED technology, leveraging Kopin's expertise in programmable MicroLEDs. Continued and future collaborations with technology partners could accelerate product innovation, market reach, and overall revenue generation.

  4. Growing Demand for AI Infrastructure: The overarching growth in the artificial intelligence industry and the increasing need for advanced, high-performance AI infrastructure will inherently drive demand for Fabric.AI's solutions. As AI workloads scale, the company's mission to alleviate data center bottlenecks positions it to benefit from this significant market trend.

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Peer Comparisons

Peers to compare with:

Financials

FABCFTSLAGMRIVNMedian
NameFabric.AIFord Mot.Tesla General .Rivian A. 
Mkt Price3.8214.95396.6883.7615.7315.73
Mkt Cap-59.71,282.976.319.668.0
Rev LTM0189,86197,879184,6235,52897,879
Op Inc LTM-10-7,1595,2972,482-3,811-10
FCF LTM-79,5467,000-98-3,038-7
FCF 3Y Avg-147,9365,054-2,409-3,503-14
CFO LTM-718,91916,52823,756-1,29416,528
CFO 3Y Avg-1416,71314,78322,597-2,18114,783

Growth & Margins

FABCFTSLAGMRIVNMedian
NameFabric.AIFord Mot.Tesla General .Rivian A. 
Rev Chg LTM-100.0%3.8%2.3%-2.0%10.4%2.3%
Rev Chg 3Y Avg-92.5%4.8%4.5%4.8%44.9%4.8%
Rev Chg Q-6.4%15.8%-0.9%11.4%8.9%
QoQ Delta Rev Chg LTM-1.4%3.2%-0.2%2.6%2.0%
Op Inc Chg LTM29.6%-266.0%-25.2%-80.0%1.3%-25.2%
Op Inc Chg 3Y Avg21.5%-102.3%-24.0%-21.2%16.1%-21.2%
Op Mgn LTM--3.8%5.4%1.3%-68.9%-1.2%
Op Mgn 3Y Avg-0.4%6.9%4.6%-87.5%2.5%
QoQ Delta Op Mgn LTM-1.1%0.3%-0.2%-2.4%0.0%
CFO/Rev LTM-10.0%16.9%12.9%-23.4%11.4%
CFO/Rev 3Y Avg-9.1%15.4%12.4%-42.9%10.7%
FCF/Rev LTM-5.0%7.2%-0.1%-55.0%2.5%
FCF/Rev 3Y Avg-4.3%5.2%-1.3%-68.3%1.5%

Valuation

FABCFTSLAGMRIVNMedian
NameFabric.AIFord Mot.Tesla General .Rivian A. 
Mkt Cap-59.71,282.976.319.668.0
P/S-0.313.10.43.62.0
P/Op Inc--8.3242.230.7-5.212.8
P/EBIT--7.3222.121.1-6.17.5
P/E--9.8332.230.1-5.612.2
P/CFO-3.277.63.2-15.23.2
Total Yield--8.2%0.3%4.3%-17.9%-4.0%
Dividend Yield-2.0%0.0%0.9%0.0%0.5%
FCF Yield 3Y Avg-17.8%0.5%-4.8%-27.2%-2.1%
D/E-2.70.01.70.31.0
Net D/E-2.2-0.01.40.10.7

Returns

FABCFTSLAGMRIVNMedian
NameFabric.AIFord Mot.Tesla General .Rivian A. 
1M Rtn-16.4%22.9%-7.4%6.5%10.6%6.5%
3M Rtn43.1%23.7%-0.6%12.0%-4.9%12.0%
6M Rtn43.1%17.0%-10.9%9.0%-11.2%9.0%
12M Rtn43.1%51.7%28.6%76.4%9.2%43.1%
3Y Rtn43.1%31.4%62.3%138.4%13.4%43.1%
1M Excs Rtn-16.2%23.0%-7.2%6.7%10.8%6.7%
3M Excs Rtn34.1%14.8%-9.6%3.1%-13.8%3.1%
6M Excs Rtn35.6%9.9%-20.3%3.1%-19.9%3.1%
12M Excs Rtn20.0%29.8%11.3%55.0%-10.7%20.0%
3Y Excs Rtn-29.4%-26.8%12.9%79.5%-63.9%-26.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Digital asset treasury management and the management of marketable securities and cash resources,0    
Manufacturing and sales of environmentally-conscious, minimal-footprint electric vehicles (EVs) 0   
Miscellaneous income  0  
Product revenue  322
Shipping revenue  000
Service revenue   00
Subscription revenue    0
Total00332


Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity1.4 Mil
Short Interest: % Change Since 515202631.6%
Average Daily Volume1.1 Mil
Days-to-Cover Short Interest1.3 days
Basic Shares Quantity1.5 Mil
Short % of Basic Shares97.1%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202503/30/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202505/14/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/15/202410-Q
03/31/202405/15/202410-Q
12/31/202304/01/202410-K
09/30/202311/20/202310-Q
06/30/202308/14/202310-Q
03/31/202305/09/202310-Q
12/31/202203/23/202310-K
09/30/202211/03/202210-Q
06/30/202208/11/202210-Q

Industry Resources

External Quote Links


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