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Daragh Thomas

Jim Cramer Called the Situational Awareness Blowup a 'Clearing Event:' Is That Why SNDK, NBIS Bounced?

Jim Cramer Situational Awareness NBIS SNDK Andrew Walker Archegos

Jim Cramer - AI gen

Jim Cramer called the forced liquidation of Situational Awareness a "clearing event" that could mark a bottom for battered AI stocks.

But the last comparable blowup offers a warning. More than five years after Archegos Capital collapsed, most of the stocks it was forced to sell remain below their liquidation prices.

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