CNBC’s Jim Cramer refuted the idea that artificial intelligence (AI) is a fading tech trend, stating that its impact on businesses and the stock market is still not fully realized.
What Happened: Cramer voiced his concerns about the premature disregard of AI trailblazers like Nvidia (NASDAQ:NVDA) in favor of high-performing refinery and dollar store stocks, CNBC reported on Wednesday.
"It's clear that lots of investors have no idea what AI is. In fairness, the reason they have no idea is because we really haven't even seen anything transformative from the AI camp just yet,” he said.
“In terms of innings, I don’t think the AI game has even started yet.”
Cramer further extended his baseball analogy, stating that AI is still in its batting practice stage, but could eventually replace many physically demanding jobs.
AI could potentially be a tool for jump-starting businesses that otherwise wouldn’t have sufficient funds to ...