Cramer's AI U-Turn: Why IREN and Nebius Signal a Hyper-Growth Future We Can't Ignore

Jim Cramer changing his tune again? Look, the man's entitled to his opinions, but this isn't about Cramer. This is about something far, far bigger: the undeniable, unstoppable force that is the AI revolution. His recent pivot on IREN and Nebius, after previously favoring CoreWeave, isn’t just a Wall Street story—it's a flashing neon sign pointing toward the future.

What changed? Demand. Pure, unadulterated, insatiable demand for AI infrastructure. IREN's massive $9.7 billion deal with Microsoft for GPU cloud services, fueled by Nvidia's cutting-edge GB300 GPUs and backed by Dell's hardware muscle, isn't just a contract; it's a declaration. A declaration that the AI train has left the station, and if you're not on board, you're going to be left choking on its exhaust fumes.

The AI Utility Era is Upon Us

But let’s zoom out for a second. Futurum Equities' Shay Boloor called IREN and Nebius "AI Utilities" way back in October 2025. Utilities! Think about that for a second. We're not just talking about another tech fad; we're talking about the fundamental infrastructure that will power the next era of human civilization. Like electricity, like the internet, AI is becoming an essential service, and these companies are building the power plants and transmission lines.

IREN's access to ridiculously cheap renewable power (three and a half cents per kilowatt-hour!) and deep integration with Nvidia's tech, coupled with Nebius's efficient cooling systems, isn't just good business; it's smart engineering for a resource-hungry future. Boloor's projection that global data center AI power demand will quadruple in the next decade, hitting a mind-boggling 1,500 terawatt-hours by 2034, isn't a prediction; it's a roadmap. What happens when AI truly becomes ubiquitous, woven into the fabric of our lives? What new innovations will be unleashed when processing power is virtually limitless?

This isn't just about faster algorithms or smarter chatbots. This is about transforming every sector of the economy, from healthcare to manufacturing to education. Imagine personalized medicine tailored to your unique genetic makeup, AI-powered robots performing dangerous jobs, and personalized learning experiences that unlock every student's full potential.

And the stock performance? IREN up 547.71% this year, Nebius soaring 294.85%. Those aren't just numbers; they're rockets blasting off into the stratosphere. They represent investor confidence, yes, but also a broader recognition that these companies are building something truly transformative. It reminds me of the early days of the internet, when companies like Amazon and Google were dismissed as overhyped dot-coms. Look where they are now.

Of course, with great power comes great responsibility. As AI becomes more deeply integrated into our lives, we need to be mindful of the ethical implications. How do we ensure that AI is used for good, not evil? How do we protect ourselves from bias and discrimination? These are questions we need to be asking now, before it's too late.

When I first read about IREN's deal with Microsoft, I honestly just felt a surge of excitement. This is the kind of breakthrough that reminds me why I got into this field in the first place. Jim Cramer Says Forget CoreWeave As He Reverses On IREN, Nebius: Past Doubts 'Don't Matter,' Amid 'That Much Demand' - CoreWeave (NASDAQ:CRWV), Dell Technologies (NYSE:DELL)

The Dawn of the Cognitive Age

Cramer's reversal is more than just a market correction; it's a validation of a future that's rapidly unfolding before our very eyes. The AI revolution isn't coming; it's already here, and companies like IREN and Nebius are leading the charge. What this means for us is a world of unprecedented possibilities, a world where technology empowers us to solve some of humanity's greatest challenges. But more importantly, what could it mean for you?