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CNBC's Jim Cramer said it's not advisable to rush to buy the dip in beaten-down AI data center stocks. On October 20, 2026, he noted that although the Nasdaq Composite rose about 1.1% on Monday, it is still too early to conclude that AI data center stocks are safe. He listed four prerequisites: improvement in the chart patterns of semiconductor and memory ETFs, hyperscaler earnings confirming AI spending and driving public cloud growth, the end of the midterm elections on November 3, and a successful Anthropic IPO. He also cautioned that an Anthropic listing could siphon funds away from other AI stocks. There are currently no follow-up facts on this judgment.
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Jim Cramer: Don't rush to chase the AI rebound—watch these four things firstDevelopments
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Jim Cramer says it's not advisable to rush to buy the dip in AI data center stocks
Source:CNBC Technology
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Oct 20
CNBC Technology
Jim Cramer: Don't rush to chase the AI rebound—watch these four things first
CNBC's Jim Cramer said that although the Nasdaq Composite rose about 1.1% on Monday, it is still too early to conclude that AI data center stocks are safe. He listed four preconditions: improvement in the chart patterns of semiconductor and memory ETFs, hyperscaler earnings confirming AI spending and driving public cloud growth, the end of the midterm elections on November 3, and a successful Anthropic IPO. He also cautioned that an Anthropic listing could siphon funds away from other AI stocks.