We’re not in the business of making financial recommendations, but CNBC personality Jim Cramer says there’s no bubble coming for the AI sector — which, given his track record, should probably make any AI investors just a bit nervous.
Now that Cramer — whose calls have historically underperformed so much that he inspired an entire phenomenon of people betting against him, called the “Inverse Cramer” effect — has chimed in on the topic, netizens are worried about an imminent collapse.
“Oh god, it’s worse than we thought,” one Reddit user wrote in a tongue-in-cheek post. “The grim reaper of finance has weighed in, the collapse of the global financial system is imminent.”
Cramer has made plenty of disastrous calls over decades. In February 2000, he proclaimed that internet-related companies “are the only ones worth owning right now” — right before the dot-com collapse. In 2012, he bet against stalwarts like HP, Netflix, both of which soared following his sell notice. Hes even been accused of playing a part in the 2008 financial crisis.
Hilarious that this guy is wealthy even though he’s been wrong so many times. It just goes to show that being loud and confident is what matters most.
Just invest in a goddamn index fund and fire this goon.
“Fanny Mae and Freddy Mac are fine”
- Kramer, early 2008, iirc.
You should check their last 1 year charts btw. Trump wants to do some shit with them and they’ve 10x since November election.
Ah yes, the ever old reliable RCI.
Reverse Cramer Index.
How is the RCI doing these days?
Man I’ll be honest, I haven’t looked at it in a while.
If I had to guess, the exact opposite of what he says.
Jim Cramer, who famously told people to hold Bear Stearns as the 2008 crash was unfolding, is making another bold prediction on LLM’s and GenAI. If you’re heavily invested in LLM’s and GenAI, this is just another thing to think about as financial shenanigans continue to unfold.
I don’t think Cramer has the requisite skills to understand this.
Weirdly, Wall Street quants do have the requisite skills to understand the tech in detail.
Agreed. Dude is just an entertainer.
Your investment portfolio should be diversified over multiple sectors and regions anyway otherwise it’s gambling.
100%, especially diversifying beyond the US
The grim reaper of finance has weighed in
Thats a good one
Oof, the bubble-pop is closer than I expected.
It’s not going to be a pop. It’ll be a fizzle. This one isn’t a debt fueled collapse - everything has been paid for up front with cash. The companies who are paying for the enormously expensive datacenters just won’t ever bring in non-investor money. Yes that can result in some sudden bankruptcies and subsequent devaluations - but nothing that will make a company’s market cap shoot to zero.
If anything be happy that the billionaires who are personally funding all of this ai shit will lose their investments.
I could see a decade of stagnation because of this.
But I also think in a few quarters someone will start asking questions when these new data centres start coming online
I think you mean another decade of stagnation.
Finally, wealth redistribution
This reads like an article that you copy-pasted. You should include the source if so.
Right you are.
My mistake. Added the link.
Any “AI free” ETFs? Like SPYX is with oil? I think it’s SPYX.
Oh, þat’s guaranteed, money-in-þe-bank advice. If Cramer says it’s safe, get out now!
