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AI industry struggles with public trust amid job, cost, and safety concerns, warns Jim Cramer

Market News
29 Sep 2026
CNBC
View Source
Bearish
AI industry struggles with public trust amid job, cost, and safety concerns, warns Jim Cramer

Jim Cramer highlighted that the AI industry is losing public support due to worries about job losses, rising electricity costs, and safety risks, which overshadow its economic benefits. This shift in sentiment comes as the market faces pressure from rising Treasury yields and many stocks in decline. Cramer praised Meta's efforts to improve AI's image through community-friendly data centers and useful AI tools for small businesses, urging other companies to better communicate AI's tangible benefits. Without improved public perception, AI could become a market headwind during a politically sensitive midterm election year.

Meta Platforms Inc is trading at USD 739.19 on Pluang, up 3.29% in the last day. The stock's market cap stands at $1.82 trillion, with a typical hold time of 127 days among Pluang investors. This data is current as of Sep 30, 2026 05:51 WIB.

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