Hey, I'm Kramer.

Hey, I'm Kramer.

Welcome to that money.

Welcome to Kramer.

I'm just trying to make you little money.

My job is not just to entertain, but I'm trying to teach you every day.

So call me at 1-800-743 CNBC or tweet me at Jim Kramer. At this point, we've heard from so many billionaire critics saying that the artificial intelligence data center build-out is an outrageous bubble that it really has become terrifying, hasn't it? This promotional pessimism, as I'm calling it, is the kind of thing that scares people away from owning stocks, scares you away.

And now I think it has become a beastly overhang on the entire market, although that bearish AI shroud was not enough to frighten us today as the Dow gained 300 points.

S&B climbed 0.59%, and the NASDAQ

advanced 0.4%. Now, I've heard this gloomy chorus in the background, during some of the

most dazzling stock performances I've ever seen in my life. I've never advocated the negative

position, the bubble, recklessness, so the so-called fool of spending, partially out of respect

to the leaders of the so-called

hyperscalers, the trillion-dollar companies that are spending fortunes building out their

AI data center networks because they think that that's where the opportunity is.

I will not call it a bubble because I trust the judgment of Jensen Wong.

He's the CEO of Nvidia, who's arguably the father of both accelerated computing, which

does matter tremendously

that's not talked about, and generative AI. Jensen's been met with skepticism every step of the way,

and the skeptics never seem to learn, even as he constantly proves them wrong.

And I think he's doing so again.

Even though the data center spend is admittedly humongous, you've got to keep in mind that it's coming, for the most part, from the vast cash flow of the richest companies on Earth. They're not borrowing money. Lately though, some build-out plans announced by Sam Waltman's Open AI and Oracle, founded by Larry Ellison, now with two CEOs, have caused some trepidation because they're spending well in excess of what they can afford.

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