GoKawiilJim Cramer compares AI stock sell-off to 1987 Black Monday crash
CNBC's Jim Cramer said last week's sharp decline in AI, semiconductor and data center stocks resembles the 1987 Black Monday crash, when automatic selling strategies drove prices down despite healthy underlying companies. The S&P 500 fell nearly 2% and the Nasdaq dropped 4.5% last week, with chip and data center stocks hit hardest even though their fundamentals appeared unchanged.