Jim Cramer warned Monday that a wave of major initial public offerings and capital raises could weaken the bull market. Anthropic, the developer of Claude, filed its IPO prospectus, while the financing needs of Meta, Alphabet, SpaceX and Oracle could drain available capital. With $148 billion already raised through IPOs this year, the influx of shares could outstrip investor demand and weaken major stock indexes, according to Cramer. He compared this dynamic with the end of the dot-com bubble in 2000, while maintaining that today’s leading technology companies remain financially sound and declining to call a market top.
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