Cramer discusses the reasons behind the lack of sellers in the market.

• On Tuesday, CNBC's Jim Cramer stated that despite the market facing economic trends, sellers have been noticeably absent on Wall Street, unlike in previous years.
• Last year, we would have seen a flood of sellers, but now, I believe the short-sellers have been wiped out, and most people who want to sell have already exited. This is why the stock market is so robust despite a subpar economic climate.

On Tuesday, CNBC's Jim Cramer stated that despite the market facing economic trends, sellers have been noticeably absent on Wall Street, unlike in previous years.

Last year, we would have seen a flood of sellers," he remarked. "Now, I believe the short-sellers have been wiped out, and most who want to sell have already exited. This is how we have a robust stock market despite a subpar environment.

Despite the Federal Reserve's persistent interest rate increases, the economy has not been severely impacted, and significant selloffs have not occurred, as predicted by Cramer. He suggests that sellers may have been present in 2022 and 2023, but they have now "run out of ammo" due to the Fed's stalled next move.

Cramer stated that the hype surrounding artificial intelligence has not materialized as expected on Wall Street. He remarked that he has never witnessed such an overhyped concept, and it is believed that true believers in AI will eventually be left holding the bag as the entire industry crumbles.

Despite some concerns, AI companies are doing well, with companies like and reporting strong earnings and rising valuations. Enterprise is willing to pay high prices for Nvidia's graphics chips, as indicated by a recent conference call.

In essence, the prediction that AI would burst was incorrect, and those who bet against it were overwhelmed," he stated. "While Big Tech experienced a decline today, I believe they are merely taking a break after an unsustainable surge in growth.

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Disclaimer The CNBC Investing Club Charitable Trust holds shares of Nvidia and Meta.