Jim Cramer Suggests CoreWeave Over Nebius

Nebius Group N.V. (NASDAQ:NBIS) is one of the stocks Jim Cramer weighed in on. A caller asked what Cramer thinks of the company, and here’s what he had to say in response:

“Okay, Nebius, I checked them out when I was at GTC… at the big NVIDIA trade show. And I came back and I said, CoreWeave, just buy CoreWeave. Don’t deviate, buy CoreWeave. And so far, that’s been very right.”

Nebius (NASDAQ:NBIS) is a technology company focused on building full-stack infrastructure for the global AI industry, offering GPU-based cloud platforms, developer tools, and data services. The company’s businesses include AI cloud solutions, generative AI data support, tech-focused education, and autonomous driving technology. During a June episode, Cramer said:

“Oh geez. My chief scientist, Ben Stoto, has over and over and over again said Nebius is the one to own, not CoreWeave. Oh no, he says, just right now, he’s just saying it’s a second-rate CoreWeave. We’re not going to own either, though. CoreWeave has moved up too much, and Nebius, we are not going to trust.”

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Disclosure: None. This article is originally published at Insider Monkey.