Jim Cramer says the AI trade is not going away as Nasdaq enters correction
- ID
- 43482
- Status
- summarized
- Published
- 06 Nov 2026, 2:46 AM
- Fetched
- 06 Nov 2026, 3:17 AM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/investingclub/2026/11/05/cramer-says-the-ai-trade-is-not-going-away-as-nasdaq-enters-correction.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 3.0
- Created
- 06 Nov 2026, 3:19 AM
- Tags
- Audience
- saas_startup_foundersdevelopers
What happened
On Thursday the Nasdaq Composite fell 4.2%, closing more than 10% below last month's record high and entering correction territory, while the S&P 500 dropped 2.9% and the Dow 2.2%. The selloff centered on worries that financing difficulties and increased political scrutiny could slow the large AI data center buildout — Meta executive Dina Powell McCormick said at a WSJ conference that building new data centers is "going to be harder." Jim Cramer said construction will likely slow but is "certainly not going to go away," and the CNBC Investing Club noted it had exited Broadcom, Corning and Arm.
Why it matters
This is market sentiment, not a change builders can act on — the text gives no figures on capex cuts, GPU pricing, lead times, or any policy decision, only that a Meta executive expects data center construction to get harder. The one concrete thing to note is the direction of travel: if data center financing really is tightening, that is a supply-side signal for anyone who assumes cheap, abundant compute stays available, but nothing here lets you quantify or time it. Treat it as background context, not a planning input.
Discussion angle
Cramer's claim that data center construction slows but doesn't stop — is there anything in your own stack (reserved capacity, cloud commitments, model hosting costs) where you'd actually change a decision if compute supply tightened, or is this purely a stock-market story with no builder consequence?