CoreWeave, Inc. (NASDAQ:CRWV) is one of the Jim Cramer Warns Viewers About FOMO & Discusses These 19 Stocks.
CoreWeave, Inc. (NASDAQ:CRWV) has been one of the top-performing stocks this year. Despite the fact that the shares were listed for trading in March, they have gained nearly 300% since then. CoreWeave, Inc. (NASDAQ:CRWV) is a key player in the AI ecosystem as the firm provides infrastructure that allows software companies to run their AI models. Cramer’s been a fan of the stock and defended it as reports about a conflict of interest surfaced around its IPO. In this appearance, he explained why he had faith in CoreWeave, Inc. (NASDAQ:CRWV):
“That deal only got done because of NVIDIA. The reason that deal got done at 40 was because NVIDIA came in and just bought a ton. And it was not gonna get done without NVIDIA.
In a recent appearance, Cramer discussed CoreWeave, Inc. (NASDAQ:CRWV)’s share price performance:
“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. . .”
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.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
