CNBC's well-known financial commentator Jim Cramer warned on Monday that a wave of large-scale initial public offerings (IPOs) and fundraising could pose a threat to the bull market. He noted that IPOs have raised $148 billion year-to-date, and with AI giants like Anthropic filing prospectuses, he is concerned that the influx of new shares might exceed investor demand, potentially derailing the market. Cramer emphasized that his concerns are not about AI technology itself, but rather about the market's ability to absorb massive amounts of new capital, believing this could lead to funds flowing out of existing stocks such as those in the S&P 500, putting pressure on the broader market.