Cramer Defends Massive AI Spending Spree: 'The Demand Already Exists'

Jim Cramer asserts that major tech companies must continue their aggressive investment in AI infrastructure, emphasizing that the current demand for computing power is real and not speculative. He argues that cloud providers are responding to existing customer needs, and neglecting infrastructure expansion risks losing market share to rivals. Cramer also highlights that AI companies like OpenAI, Anthropic, and Meta are actively driving this spending race, with Morgan Stanley forecasting substantial capital expenditure increases for tech giants.