10 Stocks Jim Cramer Talked About

7. CoreWeave, Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holdings: 62

Data center infrastructure provider CoreWeave, Inc. (NASDAQ:CRWV)’s shares are up by a strong 142% since late March last year. Year-to-date the stock is up by 22%. Investment bank Morgan Stanley discussed the firm on February 20th. It reiterated an Equal Weight rating and a $99 share price target. The commentary came ahead of CoreWeave, Inc. (NASDAQ:CRWV)’s fourth quarter earnings due on the 26th. Morgan Stanley remarked that the firm might have difficulty meeting ambitious growth targets. Morgan Stanley outlined that the firm would have to exit 2026 with more than 850 megawatts of power, resolving earlier delays with its data center projects, and a path to achieving 5 gigawatts of capacity. DA Davidson also recently discussed the shares as it kept a Buy rating and a $110 share price target as it remarked that CoreWeave, Inc. (NASDAQ:CRWV)’s agreement with NVIDIA provided the firms with a path to build their future infrastructure. Cramer also discussed the relationship between the firm and NVIDIA:

“Remember the only reason that deal at 40 worked in the IPO, was because of NVIDIA. They could just, boom. Hey don’t be surprised, now they would say, look I think CoreWeave’s going up much higher. . .

“NVIDIA could do a secondary right here, of what they own. A huge percentage of CoreWeave is owned by NVIDIA so NVIDIA could do a secondary right here and make a fortune. They could do it, and the reason I mentioned is because, a lot of times in the 1990s, 2000s, it was fanciful. . .”