Jim Cramer on CoreWeave: "You Gotta Do Some Selling Here"

CoreWeave, Inc. (NASDAQ:CRWV) is one of the 14 stocks Jim Cramer recently shared insights on. Highlighting the short selling in the stock, Cramer commented:

“Take CoreWeave. This is the company that came public at $40 a share, [a] company I recommended and pushed incredibly hard to. People didn’t believe me. Many chose to bet against the stock. 32% of the shares are sold short. On Friday, CoreWeave hit a high of $187. Stock still sits at $172 and change. Sure, it reported a great quarter, but a lot of this move is because so many people were betting against it because the company picked a bad time to come public.

I had tremendous conviction that CoreWeave would make a big move, but not this big. Again, I think discipline must trump conviction, and you gotta do some selling here. Well, I still like the stock. I recognize that much of this move was powered by panicked short sellers. Take something off the table, please.”

CoreWeave (NASDAQ:CRWV) delivers a cloud platform focused on accelerating and scaling compute-intensive workloads, especially for generative AI. The company provides high-performance computing resources, infrastructure management, and services for AI training, inference, rendering, and dataset optimization.

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