Jim Cramer raises a red flag to stock market investors

Jim Cramer says the market’s main risk isn’t that AI is a fad, but that the companies building it may seek so much new capital that Wall Street can’t absorb it comfortably. Speaking on his Oct. 26 episode of “Mad Money,” he warned of a potential wave of large share sales that could weigh on the bull market without necessarily triggering a crash. He points to supply concerns rather than company quality, arguing that fundraising at scale can pull cash from other stocks even when earnings look solid. His timing follows major filings: Anthropic filed to go public on Oct. 26, and Meta laid out plans for a massive share sale the same day. Cramer cites prior warnings from July and August, and notes record U.S. IPO fundraising this year.