Jim Cramer says the AI sell-off isn't over, but it isn't another dot-com crash
- ID
- 43618
- Status
- summarized
- Published
- 06 Nov 2026, 7:17 AM
- Fetched
- 06 Nov 2026, 7:33 AM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/11/05/jim-cramer-ai-stocks-sell-off.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 2.5
- Created
- 06 Nov 2026, 7:35 AM
- Tags
- Audience
- saas_foundersai_ml_learners
What happened
Jim Cramer said on CNBC's Mad Money that the AI stock sell-off likely has further to run, but argued it is an "orderly decline" rather than a dot-com-style crash because most of the hardest-hit companies have profitable businesses. He pointed to growing opposition to new data centers after the midterm elections as a driver of doubts about future AI infrastructure spending, with Micron down 17%, GE Vernova down 7% and Sandisk down 22% on Thursday after also falling Wednesday. Cramer advised investors to hold enough cash and not panic, while cautioning there may be more downside, especially in semis.
Why it matters
This is market punditry, not a product or policy change — there is nothing here a builder must do differently. The one concrete input is the stated cause of the sell-off: post-midterm opposition to new data centers casting doubt on AI infrastructure spending, which matters to anyone whose roadmap or pricing assumes cheap, expanding AI compute. Treat it as a sentiment datapoint only; the article gives no numbers on actual capex cuts, no Malaysian or Southeast Asian angle, and no verifiable forecast beyond one commentator's chart reading.
Discussion angle
Cramer's only substantive claim is that data-center opposition is now a real variable in AI capex — ask the room whether their own AI vendor or cloud costs have changed in the last quarter, or whether this is just stock noise with no bearing on builder economics.