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International Business Times UK
International Business Times UK
Porfel Manongsong

Jim Cramer Says Nvidia Buyback Is 'Not Big Enough' as AI Slowdown Talk Hits Sentiment

Jim Cramer Nvidia Dario Amodei Anthropic NVIDIA Corporation Seaport Global
Nvidia buyback is 'not big enough' as AI slowdown talk hits sentiment (Credit: IBTimes UK/BoliviaInteligente/Unsplash)

Jim Cramer said NVIDIA Corporation remains a buy despite pressure on its shares after comments from Anthropic CEO Dario Amodei about the pace of Artificial Intelligence (AI) development. The CNBC TV host said NVIDIA's buyback programme is 'not big enough' as sentiment around the company's AI GPUs comes under pressure.

Cramer made the remarks after developments over the weekend involving major AI CEOs and calls for a slowdown in development. His comments specifically addressed the effect of Amodei's remarks on NVIDIA's stock, with Cramer saying investors should let the shares come down.

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