Jim Cramer: Rising borrowing costs splitting stock market into AI and non-AI companies
- 1Mad Money host Jim Cramer said rising borrowing costs are dividing the stock market into two camps.
- 2Investors were surprised by the benchmark 10-year yield of 5.365%, the highest level since April 2002.
- 3SpaceX's $40 billion borrowing target for purchasing Nvidia chips for data centers is expected to be secured on favorable terms due to the AI boom.
So what's the key point?
The stock market is splitting into two groups as the cost of borrowing money rises. Thanks to the AI boom, SpaceX is in a favorable position to borrow $40 billion.
Source CNBC · View original ↗
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