Jim Cramer says Anthropic's IPO could make or break the AI trade. Here's why

Summary

CNBC's Jim Cramer said Anthropic's upcoming IPO could be a crucial test of investor confidence in the AI trade, arguing that AI stocks need it to make a real recovery. He noted that the billions spent on AI chips and data centers depend on developers like Anthropic generating enough revenue to justify them. The Wall Street Journal reported Anthropic is targeting a trading debut as early as Thursday or Friday of next week.

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