Cramer Blasts Amodei's AI Slowdown Push as Self-Serving — SkimNews
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- Dario Amodei posted "We Must Pace the Frontier" over the weekend, calling for an AI slowdown, joining similar concerns previously raised by Sam Altman of OpenAI and Elon Musk of xAI
- David Sacks, co-chair of the President's Council of Advisors on Science and Technology and White House AI and crypto czar, wrote on X that demanding regulators adopt a preferred framework "will look like blackmail of the public and the political system"
- Cramer argued Amodei's ulterior motive is either building regulatory barriers no startup can breach or making Anthropic's S-1 IPO document look better with lighter capital expenditures
- Cramer warned that Nvidia faces the most pressure from a slowdown, noting he already sacrificed Corning from the CNBC Investing Club portfolio and had warned members to cut data center exposure at the September Monthly Meeting
- Oracle's recent earnings call and the cancellation of founder Larry Ellison's sell program were cited, though Cramer said a resurrected "post-OpenAI/Hugging Face incident" turned what would have been a positive CNBC Investing Club stretch into "a dream"
Why it matters: Cramer is signaling to CNBC Investing Club members that AI infrastructure names — Nvidia chief among them — face further pressure if any slowdown rhetoric translates into actual capex restraint. He revealed he already cut Corning in anticipation, and his plan is to wait for the overreaction to fully bake in before buying back favorites, making timing the central risk for retail investors following the trade alerts.
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