CNBC’s Jim Cramer expects the steep decline in AI-related stocks to continue but urged investors not to panic. Growing opposition to new data centers after the midterm elections has raised doubts about infrastructure spending, sending Micron down 17%, GE Vernova down 7% and Sandisk down 22% on Thursday. Cramer argued that today’s AI companies are generally profitable, unlike many speculative dot-com-era businesses, making the sell-off less dangerous. He nevertheless said smaller developers such as CoreWeave, Iren and Nebius face heightened risks from regulatory delays and debt. Cramer recommended maintaining sufficient cash and cited falling interest rates, easing inflation and the possibility of an end to the Iran war as reasons for optimism.
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