Jim Cramer · Agentic AI · AI Agent · Meta · Wall Street · CNBC Technology
Cramer confirms some may be worth a look
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CNBC's Jim Cramer said Tuesday that Wall Street might be overreacting to the threat Meta's Muse AI agent poses to a wide range of consumer stocks.
Key facts
- CNBC's Jim Cramer said Tuesday that Wall Street might be overreacting to the threat Meta's Muse AI agent poses to a wide range of consumer stocks
- Cramer pointed to Life Time, arguing that its upscale, highly engaged members are less likely to cancel their subscriptions
- That could help explain why lower-cost Planet Fitness, where members may be less engaged, has fallen much more sharply
- The dread echoes the " SaaSpocalypse " earlier this year, when Wall Street dumped enterprise software stocks on fears that AI would disrupt their per-seat pricing models or replace them by giving
Summary
The latest AI disruption trade, dubbed "consumer inertia," is based on the idea that agents like Muse could hurt businesses that benefit when consumers don't bother canceling subscriptions, comparing prices or shopping around for better deals. The dread echoes the " SaaSpocalypse " earlier this year, when Wall Street dumped enterprise software stocks on fears that AI would disrupt their per-seat pricing models or replace them by giving companies the tools to custom-create the software tools they currently pay for. "I'm skeptical about dumping entire groups based on this idea that agentic AI means the death of consumer inertia and companies that benefit from it," Cramer said. Those opportunities, however, can be tough to see when the selling is so broad.