Jim Cramer · Nvidia · Intel · Semiconductor · Goldman Sachs · CNBC Technology
Jim Cramer says it's time to look beyond tech as AI uncertainty rattles the market
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CNBC's Jim Cramer said Monday that the artificial intelligence trade has become too noisy and unpredictable to aggressively put new money to work, at least for now.
Key facts
- It makes me want to find high-quality companies like Goldman Sachs and Wells Fargo, or dig my teeth into FedEx and FedEx Freight, or scoop up some Honeywell and Boeing," he said
- CNBC's Jim Cramer said Monday that the artificial intelligence trade has become too noisy and unpredictable to aggressively put new money to work, at least for now
- Semiconductor and AI-related stocks have come under pressure in recent weeks after surging to records earlier this year
- Nvidia is at the heart of the data center," Cramer said, saying it's AI server racks are "the envy of the world and only AMD comes close
Summary
"If you own too much tech, you're going to be slaughtered, and you won't even know what hit you," the " Mad Money " host said. Semiconductor and AI-related stocks have come under pressure in recent weeks after surging to records earlier this year. "It makes me want to find high-quality companies like Goldman Sachs and Wells Fargo, or dig my teeth into FedEx and FedEx Freight, or scoop up some Honeywell and Boeing," he said. Still, Cramer stressed that he is not abandoning artificial intelligence altogether.