CoreWeave, Inc. (CRWV) Is One Of The Most Bullish Things In My Career, Says Jim Cramer

CoreWeave, Inc. (NASDAQ:CRWV) is one of the Jim Cramer Says Trump’s Angry At Everybody & Discusses These 11 Stocks.

CoreWeave, Inc. (NASDAQ:CRWV) is an AI infrastructure company that provides businesses with hardware to let them run their AI applications. It is one of the few pure-play firms of its kind and the shares have gained a whopping 298% since their IPO in March. Soon after the IPO, Cramer dismissed news reports that CoreWeave, Inc. (NASDAQ:CRWV) had been created specially by NVIDIA to create demand for AI GPUs. This time around, he commented on the strong share price performance which indicated that even Cramer hadn’t expected CoreWeave, Inc. (NASDAQ:CRWV)’s shares to perform the way that they did:

“Look can I just say that these are some of the most bullish things I’ve seen in my career? That CoreWeave could have been priced at 40 and it went to 178. That this Circle just keeps being bought, that Palantir keeps being bought. That a Broadom is going, that Goldman is going. . .”

Recently, the CNBC host discussed some of the drivers of CoreWeave, Inc. (NASDAQ:CRWV)’s share price performance:

“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.”

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.