The red-hot AI trade has cooled off. Jim Cramer offers a timeline of how it all went down

CNBC's Jim Cramer discussed the decline in AI stocks, attributing it to investors' changing sentiment and expectations. He provided a timeline of the AI trade's rise and fall, citing factors such as overvaluation and regulatory concerns. The decline in AI stocks has led to a shift in investor sentiment, with some investors reevaluating their positions.