Jim Cramer Compares AI Data Center To IPO Frenzy, Warns Boom May Be Unsustainable: 'It All Has To Slow Down…' - Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)
Jim Cramer, the host of CNBC’s “Mad Money,” expressed his concern about the rapid pace of data center and utility station construction in a recent post.Cramer Flags Data Center BoomCramer took to X on Monday to compare the current pace to the frenzy surrounding hot IPOs, pointing out that major tech companies like Open AI, Meta Platforms (NASDAQ:META) , Google (NASDAQ:GOOG) (NASDAQ:GOOGL) , Microsoft (NASDAQ:MSFT) , and Amazon (NASDAQ:AMZN) are all vying for a significant share of the market.He wrote, “We j ...