CNBC’s Jim Cramer said the artificial-intelligence industry is losing the fight over its public narrative, even as he continues to describe AI as the strongest growth theme of the era. He cited higher electricity prices, job fears, safety warnings from Anthropic and OpenAI, and the optics of a White House AI lunch involving Nvidia’s Jensen Huang and Elon Musk. Data Center Watch counted 45 U.S. projects worth $68 billion stalled by local opposition from April through June. Cramer said companies need to tell better stories and demonstrate practical benefits, including through examples such as Meta’s data-center efforts and Muse AI agent. The warning came as the 30-year Treasury yield reached its highest level since 2002, while investors debated whether hyperscaler spending had gone too far. Goldman Sachs Research forecasts about $1 trillion in global AI investment in 2026, and Apollo’s Torsten Slok said credit markets see greater hyperscaler debt risk because of rising leverage and uncertain returns. Cramer also flagged potential congressional probes after the November midterm elections and said October could be difficult if yields keep rising.