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Jim Cramer says the AI boom has 'the power to keep the country's economy humming'

CNBC·Alexa LoMonaco·25 days ago
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CNBC's Jim Cramer said that he's not worried about the market taking a breather because the artificial intelligence boom remains powerful enough to keep driving stocks higher. All three major indexes closed lower Thursday after the tech-heavy Nasdaq Composite and S&P 500 hit intraday highs earlier in the session. The Dow Jones Industrial Average shed 313 points, or 0.63%, while the Nasdaq Composite fell 0.13% and the S&P 500 declined 0.38%. Still, Cramer said the pullback was healthy . "We need a little rest. We want stocks to cool off," the "Mad Money" host said, noting that many AI-related names have made "parabolic" moves in recent weeks. Despite growing concerns around slowing consumer spending, weaker hiring, and geopolitical tensions, Cramer argued the market's weakness looks more like a pause than the start of a prolonged downturn because the AI theme remains too strong to ignore.…

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