Jim Cramer on CoreWeave: "One of The Biggest Winners This Year"

CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer shed light on. Cramer discussed the stock in light of the Bullish (NYSE:BLSH) deal, company earnings, and insider selling lockup expiry. He said:

“How about big winners? Take CoreWeave, one of the biggest winners this year, gigantically from its $40 price in March. Ben Stoto and I told you to buy this one. It had the misfortune of reporting on the eve of Mr. Bullish’s deal. The numbers were nicely better than expected, befitting the boom in data centers. Unfortunately, the stock plummeted more than 20% today. Why? Because the lockup on insider selling expires tomorrow night. Although there are a bunch of short stories out there, trying to say it was a problem with demand. That’s wrong. Demand is on fire. Totally wrong narrative.

What does matter, though, is a ton of stock coming at you. Remember when I said that the underwriters are only bringing small slivers of stock to the market? Tomorrow, a huge chunk of supply loses the restraints and can start selling, and I think that CoreWeave will go lower. And if you want to buy it, buy it after that.”

CoreWeave, Inc. (NASDAQ:CRWV) provides a cloud platform optimized for generative AI workloads, providing GPU and CPU compute, storage, networking, and managed services. The company supports AI model training, inference, rendering, and dataset optimization.

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.