Jim Cramer warns AI's circular financing frenzy echoes the dot-com bubble

CNBC's Jim Cramer said reports of Nvidia backing OpenAI's data center expansion drew parallels to financing arrangements that preceded the dot-com crash. Cramer did not specify which current financing arrangements he was comparing to dot-com era practices. The reported partnership between Nvidia and OpenAI involves funding for data center infrastructure related to artificial intelligence development.

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