Jim Cramer says the AI sell-off isn't over, but it isn't another dot-com crash
Image: CNBC
The steep sell-off in artificial intelligence stocks likely has further to go, CNBC's Jim Cramer predicted Thursday — but he urged investors not to panic.
Growing opposition to new data centers following the midterm elections has raised doubts about future AI infrastructure spending, sending shares of companies tied to the buildout sharply lower. Micron tumbled 17%, GE Vernova dropped 7% and Sandisk plunged 22% on Thursday. All three stocks were also crushed in Wednesday's session.
"I wish I could say that today's flush was the bottom," the "Mad Money" host said, before cautioning that there may be more downside ahead, though he didn't believe this was an internet bubble redux.
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