GoKawiilJim Cramer: AI stock sell-off may continue but isn't a dot-com repeat
CNBC's Jim Cramer said Thursday's slide in AI-related stocks, which saw Micron fall 17%, GE Vernova drop 7% and Sandisk plunge 22%, likely isn't finished. He attributed the declines to rising local opposition to new data centers after the midterm elections, which has raised doubts about continued AI infrastructure spending, but said he does not view this as a repeat of the dot-com crash since most affected companies are profitable.
GoKawiil's interpretation of the reporting above, not reported fact.
Cramer's remarks suggest Wall Street is distinguishing between overvalued but fundamentally sound AI giants and smaller, debt-financed 'neocloud' firms like CoreWeave, Iren and Nebius, which he flagged as more vulnerable to regulatory delays and financing risk. His comments imply that a fast correction could be healthier for markets than a drawn-out decline, though that remains his own interpretation rather than a confirmed outcome.
- Micron, GE Vernova and Sandisk all suffered steep losses Thursday amid AI sector sell-off.
- Cramer links the decline to growing political pushback against new data centers post-midterms.
- He warns smaller, debt-reliant AI infrastructure firms face the greatest financial risk.
Source: cnbc.com — Alexa Lomonaco, 2026-11-05
Published there as: “Jim Cramer says the AI sell-off isn't over, but it isn't another dot-com crash”
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