Jim Cramer warns investors not to get fooled by the latest AI stock rally

Impact · against what's priced in

The financing deal for Anthropic provides a concrete revenue catalyst for Broadcom, while the warning on 'neocloud' debt burdens reinforces existing market skepticism for IREN and NBIS. For Nvidia, the news is neutral as its cash-rich position is already a cornerstone of its valuation compared to its peers.

IREN−0.10

Already priced in

The price assumes

the current $3.65bn debt load at a 6% blended cost, which the market views as a heavy burden