10 Stocks on Jim Cramer’s Radar

2. CoreWeave, Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holdings: 62

Data center infrastructure provider CoreWeave, Inc. (NASDAQ:CRWV)’s shares are ending the year on a strong note, as they are up by 87% since their IPO in March. More recently, though, the shares have struggled as they have lost 46% since late October. The year’s final quarter has seen reports surface about delays in data center buildout and worries about an AI bubble. However, Cramer has continued to remain optimistic about CoreWeave, Inc. (NASDAQ:CRWV) as he believes that the firm enjoys a close relationship with AI chip giant NVIDIA and has a good business model. December has also seen several analysts share their thoughts about the data center infrastructure company. For instance, Citi resumed coverage on CoreWeave, Inc. (NASDAQ:CRWV) but cut the share price target to $135 from $192 while keeping a Buy rating on the shares. Cramer has frequently discussed the data center worries in his morning appearances. The CNBC TV host believes that the sector lacks a sufficient number of qualified workers to build the computing complexes. In this appearance, he dismissed the notion that CoreWeave, Inc. (NASDAQ:CRWV)’s share price dip was merited:

“Look data centers are hard to build [inaudible] Michael Intrator said. . CoreWeave, the stock is down badly, which is silly.”