Jim Cramer Compares AI Stock Sell-Off to 1987 Market Crash
Photo: TokenPost
Mad Money host Jim Cramer compared the latest slide in artificial intelligence stocks with the 1987 market crash, arguing that broad selling can move share prices away from underlying business conditions. The Nasdaq Composite fell 4.5% last week, ending a four-week winning streak. The S&P 500 lost nearly 2%, while semiconductor and data center stocks were among the hardest hit. The declines prompted Cramer to question how much of the movement in some AI-linked shares reflected changes at the companies themselves. Cramer made the comparison Monday, Oct. 19, the 39th anniversary of the 1987 crash.
Source: TokenPost
