Jim Cramer Says Nvidia Buyback Is 'Not Big Enough' as AI Slowdown Talk Hits Sentiment
Cramer said the stock still has upside as investor worries rise over comments from Anthropic CEO Dario Amodei and a broader AI slowdown.
- On Monday, President Donald Trump rejected Anthropic CEO Dario Amodei's call to slow AI development, warning that such measures would cede technological dominance to China.
- Amodei's weekend essay, 'We Must Pace the Frontier,' urged governments to enforce limits, warning that AI could lead a 'swarm of agents' capable of taking over the internet within 12 months.
- Elon Musk and Sam Altman supported the slowdown, yet markets reacted negatively; Nvidia sank 2.8 per cent and Softbank Group dropped 10.7 per cent in Tokyo.
- Trump threatened legal action against Anthropic, dismissing proposed safety guardrails and arguing the only necessary measure is 'a STRONG AND SMART ' leadership approach.
- Jim Cramer continues to view Nvidia as a buy despite market volatility, noting the company's backlog of more than $2 trillion demonstrates persistent industry demand.
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33 Articles
Brisbane Times
WA todayASX set to slip, tech stocks weigh on Wall Street; Trump lashes out over ‘SICK conspiracy’ against AI
Artificial-intelligence stocks are sliding worldwide after leaders of the industry warned a slowdown is needed for the safety of humanity.
Anthropic CEO asks the sector to slow down the rate of development of AI Executives of large technology companies have come to defend a pause in the advance of artificial intelligence to make the development of technology safer. The movement gained strength after a text published by Dario Amodei, CEO of Anthropic, company responsible for AI Claude. "Given the acceleration of the development of AI capabilities, I am concerned that, in 6 to 12 mon…
Dario Amodei, CEO of the AI company Anthropic, said he couldn't grasp the exponentially rapid pace of development in AI technology.
'There Are Real Dangers, Industry Lied to People': Anthropic CEO Dario Amodei Warns About AI Risks (Watch Video) | 📲 LatestLY
Anthropic CEO Dario Amodei has urged the AI industry to be more honest about the technology’s risks, arguing that companies have often focused on its benefits while downplaying potential harms. He stressed transparency and previously called for slowing frontier AI development to ensure safety and monitoring keep pace with advancing capabilities. 📲 'There Are Real Dangers, Industry Lied to People': Anthropic CEO Dario Amodei Warns About AI Risks…
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