Jim Cramer Flags Three AI Rally Risks, Including $63 Billion Anthropic Deal

Jim Cramer warns that the recent two-day AI stock rally does not justify an all-clear for the data center trade, naming three risks. One risk is the $63 billion Anthropic financing deal, praised by Cramer earlier but questioned later, where Broadcom-arranged chip financing relies on borrowed money. His other two risks focus on the cost of debt for neoclouds like CoreWeave, Nebius, and Iren, which have borrowed heavily to build data centers, with CoreWeave bonds yielding as much as 15% despite a share price rise.