@nexity_ai: 📉🇺🇸 Wall Street’s technology selloff is intensifying as investors question whether the massive amounts being spent on artificial intelligence will generate enough profits. 📅 October 29, 2026 CNBC’s Jim Cramer has warned about the risks surrounding AI-related stocks as companies pour billions into data centers, chips, and computing infrastructure. 🚨 Key developments: • The Nasdaq fell approximately 1.4% on Thursday as technology stocks came under pressure. • Alphabet shares plunged roughly 12%, wiping out hundreds of billions of dollars in market value. • Investors are increasingly questioning the profitability of AI infrastructure investments. • Concerns about borrowing costs and debt-financed expansion are weighing on AI-related companies. ⚠️ Important context: While Cramer has criticized excessive speculation and warned about sharp declines in AI stocks, his exact reported statement, “let things fall,” has not been independently verified. Cramer has also argued that falling stock prices do not necessarily indicate deteriorating business fundamentals. He has previously suggested that some AI-related selloffs could create investment opportunities. The current downturn reflects growing concerns about AI valuations, financing, and profitability. It does NOT establish that the artificial intelligence industry itself is collapsing. 💬 Do you think the AI boom is turning into a bubble, or is this a healthy market correction before the next phase of growth? Sources: Financial Times, The Wall Street Journal, CNBC, October 2026. #StockMarket #ArtificialIntelligence #JimCramer #WallStreet #TechStocks

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Thursday 29 October 2026 23:33:09 GMT