Jim Cramer on CoreWeave: "We've Liked This From the Day They Did Their IPO"

CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently offered insights on. Cramer highlighted the company’s major contracts as he remarked:

“Over the past few weeks, we’ve heard about a bunch of new AI infrastructure deals, and they take up practically every stock in the group, including CoreWeave, which builds data centers and then basically rents out their computing power. You know, we’ve liked this from the day they did their IPO. CoreWeave alone has scored a $6.5 billion expansion of its business with OpenAI, the second one in the past few months. Their total contract value with OpenAI now weighs in at $22.4 billion. And on top of that, they just announced more than $14 billion… contract with Meta Platforms. Clearly, Wall Street’s been underestimating demand for computing power and for the work of CoreWeave. Just today, CoreWeave announced some new tools to help programmers develop AI agents, and the stock jumped almost 9% in response. It’s now up over 65% from its lows last month, and it’s up 250% from where it came public in March.”

CoreWeave, Inc. (NASDAQ:CRWV) provides a cloud platform designed to scale and accelerate generative AI workloads for enterprises.

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