Jim Cramer Discusses CoreWeave's $6.5 Billion Deal With OpenAI

CoreWeave, Inc. (NASDAQ:CRWV) is one of thestocks on Jim Cramer’s radar recently. Cramer discussed the company’s deal with OpenAI during the episode. He stated:

“What else? This morning, CoreWeave, basically a company that runs data centers for the AI… announced an expanded agreement with OpenAI, the company behind ChatGPT, for $6.5 billion, bringing its total contract value with OpenAI to $22.4 billion. Now, can you think of any companies in the consumer economy that could sign a deal for 6.5 billion like that? I know I can’t, but when the CoreWeave news broke when I was sitting right over there and spoke on the Street this morning, I couldn’t even tell if it was worth mentioning. Yes, there’s that much AI-related activity out there… It just didn’t seem to be worth it.”

CoreWeave, Inc. (NASDAQ:CRWV) provides a cloud platform designed for GenAI workloads. It offers GPU and CPU compute, storage, networking, managed services, and virtual or bare metal servers. The company’s solutions support AI training, inference, VFX rendering, and dataset optimization for machine learning developers.

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