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Jim Cramer Called SpaceX A Meme Stock & Discussed These 7 Stocks. CoreWeave Inc. (NASDAQ:CRWV) is one of the stocks discussed by Jim Cramer.
CoreWeave Inc. (NASDAQ:CRWV) plays a key role in the AI ecosystem as it provides the computing infrastructure to run AI software. The shares are down by 32% over the past year and are up by 34% year-to-date. Bernstein discussed CoreWeave Inc. (NASDAQ:CRWV)’s stock on June 8th. It reiterated an Underperform rating and a $67 rating on the shares. Earlier, on May 14th, Citi had hiked the share price target to $158 from $155 and kept a Buy rating. On the 18th, DA Davidson downgraded CoreWeave Inc. (NASDAQ:CRWV) to Neutral from Buy and cut the share price target to $100 from $175. The financial firm remarked that the infrastructure company was a key player in the compute industry. However, DA Davidson added that it was worried about CoreWeave Inc. (NASDAQ:CRWV)’s ability to generate strong margins due to factors such as high levels of debt financing. Cramer discussed the firm’s data center construction strength:
“. . .Oracle’s not being known right now as being a great builder. They’re also not known as a great negotiator. . .they’re good. The best is CoreWeave. . .CoreWeave’s the best.”
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While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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