Cramer Calls AI Stock Rally ‘Worrisome’, Are We Heading To A New Tech Golden Age?

Jimmy-boy Cramer is at it again with his nefarious predictions, and this time he’s turning on AI.

“Lately, we’ve been seeing parabolic moves all over the market,” said our modern prophet, “Those are worrisome.”

He’s specifically talking about the Philadelphia Semiconductor Index (aka SOX), which has been up 18 times in a row, jumping 46% in total. The best month in the index’s history, second only to February 2000…

…Does that date sound familiar by any chance?

Well, it does to Jim Cramer, Goldman Sachs, and Morgan Stanley, who are all warning of a bubble-burst similar to the dot-com crash.

But when was Jim ‘Reverse’ Cramer ever right?

“I don’t want to overreact,” he said, overreacting. “But we’ve been taking some action around the edges.”

He’s trimming some AI positions in his Charitable Trust, although he does still recommend Arm Holdings to people, but that’s because he has shares in Arm Holdings, wait, what?

“Trim some winners…don’t chase the parabolic stuff…and let’s wait to see if we have a more benign pullback from these wild past few weeks.”

‘What goes up must come down,’ basically, and I guess you don’t need to be a prophet to work that one out.

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Cramer Calls AI Stock Rally ‘Worrisome’, Are We Heading To A New Tech Golden Age?

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