Nvidia shares dropped four points on September 14 after Anthropic CEO Dario Amodei published an essay calling for a systematic slowdown in AI model development. Jim Cramer weighed in on the dip, calling NVDA a stock worth buying, but with a caveat: wait for it to fall further.
His reasoning centers on what he considers insufficient buyback programs from Nvidia, a factor that limits the downside protection investors might otherwise count on during moments of turbulence like this one.
The Amodei paradox
Amodei’s essay, published around September 12-13, laid out the case for pacing AI advancements more carefully, citing safety concerns and risks tied to rapid technological leaps.
But here’s where it gets interesting. Anthropic itself has committed to roughly $517 billion in compute spending through August 2026. That money flows directly into the pockets of companies like Nvidia, whose GPU infrastructure underpins virtually every serious AI research lab on the planet.
