Jim Cramer, host of Mad Money on CNBC, warned Monday about the increasingly circular nature of AI financing, drawing parallels to the dot-com bubble of 2000. The Wall Street Journal reported Sunday that Nvidia was discussing a $250 billion guarantee for OpenAI to finance a 10-gigawatt data center in Ohio. Nvidia has also invested $30 billion in OpenAI in March and $10 billion in Anthropic last year. Nvidia shares fell more than 4% on Monday. OpenAI confidentially filed for an IPO in June and was valued at over $800 billion in March.
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