Markets are trembling amid the latest AI stock sell-off, which has sent shares of major AI players deep into the red. But CNBC’s Jim Cramer believes the downturn is not another dot-com crash. Cramer warned that AI stocks could fall further, particularly semiconductor companies whose shares surged during the AI boom. However, he argued that unlike the speculative businesses that collapsed in 2000, many of today’s AI companies are highly profitable. His biggest concern is smaller AI infrastructure companies such as CoreWeave, Iren and Nebius, which have borrowed heavily to finance data center projects that could face regulatory delays. Before the election too, Cramer was more careful about tech. On Mad Money, he said the Nasdaq had just closed its worst month since March 2025 and that the week ahead “might be even worse.” He said he wanted to see a “crescendo” before putting more money into tech, which he described as stocks getting crushed in the morning and then rallying on big volume to finish higher. He also warned that anti-data center politicians could stop projects if Democrats took control, and data center stocks fell on Wednesday on fears of tighter AI regulation, Reuters reported. We recently ranked 10
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