CNBC’s Jim Cramer on Friday argued against the sentiment that large-scale spending on artificial intelligence has peaked.
CNBC's Jim Cramer on Friday argued against a"new and negative AI narrative" some on Wall Street have adopted that suggests large-scale spending on artificial intelligence has peaked.
"I believe that AI infrastructure remains the greatest story of our time," he said."The data center, the hardware, and the software for it are so much stronger than the bears think."on Friday argued against a"new and negative AI narrative" some on Wall Street have adopted that suggests large-scale spending on artificial intelligence has peaked."I believe that AI infrastructure remains the greatest story of our time," he said.
"In the end, people will realize that there's no AI bubble, there's just intense demand and very little supply," Cramer said."The Magnificent Seven have had repeated periods of underperformance, but they tend to always come back, as they should. They're all incredibly well-run, and they have both accelerated computing and artificial intelligence.
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