CNBC’s Jim Cramer warned Tuesday that investors may be getting ahead of themselves by declaring the artificial intelligence trade back on track.
AI-related stocks rallied for a second straight session, fueled by renewed enthusiasm for chipmakers after a group of banks and Blackstone announced $63 billion in financing for Anthropic to purchase Broadcom’s computing hardware. The gains followed Monday’s rally, sparked in part by Anthropic’s S-1 filing. But Cramer cautioned the renewed optimism doesn’t resolve the pressures facing the data center trade, which was hit hard late last week.
“I’m pleased that people feel so comfortable that tech is all good to go because there is money flowing back in,” the “Mad Money” host said. “I don’t think that’s a reason to call all clear. I think it’s a reason to look at other sectors in the economy.”
Cramer’s skepticism centers on three lingering…
