Jim Cramer Notes "CoreWeave Was Good"

CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks that Jim Cramer spoke about. Answering a caller’s query about the company during the lightning round, Cramer said:

“Look, I think CoreWeave, I gotta tell you, CoreWeave was up 11 today, CoreWeave was 11. I think CoreWeave was good. Remember, NVIDIA’s better than CoreWeave. I think CoreWeave might even tell you that.”

CoreWeave (NASDAQ:CRWV) provides a cloud platform optimized for GenAI workloads, as it provides compute, storage, networking, and managed services. The company’s tools support AI model training, inference, rendering, and dataset optimization for enterprise-scale deployments. When a caller inquired about the stock during the July 21 episode, he responded:

“Alright, I think I like CoreWeave and I like Michael Intrator, but I would say the stock is $60 billion, and it’s going to have to come down and cool off a little bit. There are too many shorts in it. The shorts are covering right now. Once they’re finished covering, I think the stock does drop, and you can take a look at it.”

While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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