Jim Cramer Names the One Deal AI Stocks Can’t Recover Without

Jim Cramer said Monday that a real recovery in artificial intelligence (AI) stocks hinges on Anthropic’s initial public offering (IPO). But that evening, Reuters reported that Anthropic had retracted the share price range it sent to bankers. Crypto traders felt the retraction first. Anthropic’s pre-IPO perpetual futures contract on Hyperliquid, a decentralized derivatives exchange, fell nearly 7%. Why Cramer Puts Anthropic at the End of the AI Food Chain Cramer’s argument rests on who ultimately pays for the AI buildout. Chipmakers and data center operators earn from that spending, but its payoff depends on a few AI developers earning enough revenue.

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