Jim Cramer Suggests Oracle’s Discipline Could Halt Reckless AI Spending

Jim Cramer suggested Oracle could slow down reckless AI spending by hyperscalers, potentially stabilizing their stock valuations and setting a market trend.

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Jim Cramer Suggests Oracle’s Discipline Could Halt Reckless AI Spending

Jim Cramer Suggests Oracle’s Discipline Could Halt Reckless AI Spending
On Tuesday, CNBC’s Jim Cramer discussed the ongoing massive AI spending by tech giants like Amazon, Microsoft, Google, Meta, and OpenAI, and how Oracle’s actions could lead to a slowdown. Cramer argued that Oracle, already burdened with significant debt, might heed warnings from the bond market and curb its AI investments. This could set a precedent for other hyperscalers to follow, helping stabilize their valuations, which have plummeted due to imprudent spending on data centers.