Jim Cramer sees more pain for beaten-down AI stocks: ‘I think it’s too soon to say the coast is clear’

Artificial intelligence stocks are a bit buggy in late October, with the benchmark Global X Artificial Intelligence & Technology ETF (NASDAQ: AIQ) underperforming at 0.12% over the past three months. The widely followed Nasdaq CTA Artificial Intelligence Index (^NQINTEL), which tracks 58 AI-linked stocks including Amazon (NASDAQ: AMZN), Nvidia (NASDAQ: NVDA) and Tesla (NASDAQ: TSLA), isn't faring any better; down 7.0% over the last month.