Jim Cramer: AI boom has ‘power to keep the country’s economy humming’

Source Domain: www.cnbc.com

Jim Cramer believes the recent market pullback is healthy and temporary, emphasizing the importance of the artificial intelligence boom in driving stocks higher.
Despite a decline in all three major indexes on Thursday, Cramer attributes the weakness more to a necessary cooldown rather than a start of a broader downturn.
Cramer highlights the profound and widespread influence of AI across multiple sectors, from semiconductors to cybersecurity, driving long-term economic growth.
He notes that while short-term market fluctuations are possible, the foundational AI buildout will likely continue to support stock prices.
Cramer stresses that despite concerns about Iran, interest rates, and weakening consumer spending, these factors may not significantly impact AI-related stocks.

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