CNBC’s Jim Cramer said Wednesday that he plans to stick with the AI trade despite a tumultuous few days with heightened safety concerns.
After spending a week at sales force Speaking with some of the biggest names in the AI industry at the annual Dreamforce conference in San Francisco, Kramer said he expects spending on technology to continue despite the growing debate about whether the industry is moving too quickly to develop powerful models.
That discussion has since accelerated human CEO Dario Amodei published an essay over the weekend calling on the Frontier AI Institute to slow down model development to give the company time to catch up on safety measures.
As Anthropic and OpenAI grow their revenues as a result of their investments, “I think the spending will move quickly,” the “Mad Money” host said. “They’re not going to slow down that important part of their business. I honestly don’t think they’re going to slow down too much because there’s too much money at stake for them to stop now.”
“That’s why I think all of these companies that make components for data centers will be good buys once the Fed’s impact subsides,” he added.
Mr. Kramer acknowledged the risks posed by Mr. Amodei and said additional safety measures may be necessary. But he doesn’t expect these concerns to derail spending on AI.
He said that as AI agents become increasingly capable, the demand for cybersecurity could also increase. “For that, I have to rely on you. palo alto, Octa, cloud strike and others to stay one step ahead of the enemy. “Historically, that was a safe bet,” he said.
Ultimately, Cramer said the conversations at Dreamforce convinced him that the industry has time to address AI risks without halting development. “I asked all of our executives whether we should be preparing for a death sentence in 2030…I came away thinking we have time to fix the problem,” Kramer said. “But it has to be resolved no matter what.”
Cramer’s Charitable Trust, a portfolio managed by CNBC’s Investment Club, owns shares of CRWD and PANW.
