Jim Cramer warns this overlooked danger could threaten the market rally — SkimNews
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- Anthropic filed its IPO prospectus Monday, moving one of Wall Street's most anticipated AI public debuts closer while investors also await an offering from OpenAI.
- Jim Cramer said the $148 billion raised through IPOs so far this year could push new-share supply beyond investor demand and derail the rally.
- Meta, alongside Alphabet, SpaceX and Oracle, is among the companies tapping capital markets in fundraising efforts that Cramer says could divert dollars from the S&P 500 and other stocks.
- Jim Cramer compared the fundraising wave with the 2000 dot-com boom, when stock offerings exhausted buying power and contributed to the market's collapse, while saying many leading technology companies today are established businesses with genuine demand.
- Jim Cramer said both debt and equity markets are "running out of money," then clarified that he was "not calling a top."
Why it matters: Cramer's $148 billion IPO figure makes the issue concrete: investors have more new shares to absorb while major technology issuers keep tapping capital markets. He says that supply can pull allocations away from the S&P 500, even if the underlying businesses remain financially strong.
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