CoreWeave Shouldn't "Have NVIDIA Chips on the Shelf," Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About. CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer discussed.

CoreWeave, Inc. (NASDAQ:CRWV) is a computing infrastructure company that is one of the key players in the AI ecosystem, as it hosts NVIDIA's AI GPUs used by software companies for their computing needs. Since its IPO in March, Cramer has regularly discussed it. The CNBC TV host has been proud of supporting CoreWeave, Inc. (NASDAQ:CRWV) even during controversial debates surrounding the firm's relationship with NVIDIA. However, Cramer has also been slightly wary about the firm, as he remarked in September that while he thought CoreWeave, Inc. (NASDAQ:CRWV) was a "real company," people felt that it's "moved too much." Cramer also trusts the firm's CEO, Michael Intrator, as far as visibility into future AI demand is concerned. In this show, he discussed the firm after NVIDIA's earnings and commented on the rapid development cycles of NVIDIA's AI GPUs:

"Now, I will say, that, as per CoreWeave here, the one thing you don't want to do is have NVIDIA chips on the shelf cause you're not ready. They're expensive, no return. . .

"Although they do mention the software makes it so the previous generations can work. . ."

Additionally, while he's been optimistic about CoreWeave, Inc. (NASDAQ:CRWV), in an appearance on November 14th, Cramer was left 'jarred' by the CEO's comments:

“Michael Intrator sat over here, from CoreWeave, a stock that I’ve backed since it came public, and talked about a site, a problem in his, five sites. And that was jarring to me. There’s a timeline of jarring, that it made it so I wouldn’t have said that hey it’s the end of magical investing if it weren’t for the fact that I felt like that I got Red Catted. That’s another one you want to see although they actually had a government shutdown to explain why that stock’s down a lot.”

While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.