CoreWeave, Inc. (CRWV) Is A Meme Stock, Insists Jim Cramer

We recently published 12 Stocks Jim Cramer Recently Talked About In His “Idea-Driven” Market. CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently discussed.

CoreWeave, Inc. (NASDAQ:CRWV) is a computing infrastructure provider that has risen due to its exposure to the AI industry. Its shares are among the top performers in 2025 and have gained 313% since their IPO in March. Ahead of the July 4th weekend, CoreWeave, Inc. (NASDAQ:CRWV)’s stock gained 8.9% as it became one of the first AI infrastructure providers in the industry to announce the availability of NVIDIA’s latest Blackwell GB300 servers. In his recent remarks, Cramer asserted that CoreWeave, Inc. (NASDAQ:CRWV) is a meme stock that has obliterated short sellers:

“CoreWeave, by the way, is a meme stock. CoreWeave is about destroying the people who got short way too quickly before the stock was seasoned. Now there’s 32% of the float of that stock, is short. There’s 46 million that trade out of 360 million. David it is just a combustible. . .

“I think the meme people don’t understand, that, this is not GameStop where they issued a couple of million. There’s going to be people who are anxious to get out of CoreWeave at these prices.”

CoreWeave, Inc. (NASDAQ:CRWV) is one of the more frequently discussed stocks in his evening show, too. Here’s what Cramer said in a Mad Money episode:

“I think it is overbought. I think it’s up on a short squeeze. I think the stock is just way too high. I mean, look at this. I mean, prices at $40, it should have never priced there when it did its IPO. People didn’t like it. They didn’t understand the balance sheet. Lots of hedge funds got shorted here, thinking that this thing really was not worth anything at all. I recommended buy it the whole darn time. The whole darn time.

… What I need to tell you is that if you bought it here, you can take off half of your position, half of it, and then you’re playing with the house’s money. Who doesn’t want to play with the house’s money? That’s the goal. The goal if you want to be a great investor is the house’s money. And that’s what you have if you bought CoreWeave when we said that we liked it. The relationship with NVIDIA is very solid, and NVIDIA owns a big chunk of CoreWeave.”

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.