Cramer Backs AI Data Center Trade Despite 2030 Safety Fears
Updated
Updated · CNBC · Sep 16
Cramer Backs AI Data Center Trade Despite 2030 Safety Fears
3 articles · Updated · CNBC · Sep 16
Summary
Dreamforce meetings left Jim Cramer convinced AI spending will keep rising even after Anthropic CEO Dario Amodei urged frontier labs over the weekend to slow model development.
Anthropic and OpenAI revenue growth is the key reason, he said, arguing the money at stake is too large for companies to pause the most important parts of their businesses.
Data center component makers remain buys once Fed-driven market turbulence eases, in his view, because safety concerns are unlikely to derail infrastructure demand.
Cybersecurity could benefit as AI agents grow more capable, Cramer said, pointing to Palo Alto, Okta and CrowdStrike as firms that may see stronger demand.
Cramer still acknowledged the risks and said safeguards must improve, but he came away believing the industry has time to address them without halting development.