We recently published Jim Cramer Discussed These 13 Stocks And Talked About Market “Froth” & Dotcom Bubble. CoreWeave, Inc. is one of the stocks Jim Cramer recently discussed.
CoreWeave, Inc. has positioned itself to become one of the most important firms in the AI ecosystem. The firm provides computing infrastructure, including NVIDIA’s AI GPUs, to AI software companies to run their workloads. Its proximity to NVIDIA has also led to chatter about “circular transactions” between the two. The chatter grew after CoreWeave, Inc. announced last month that it had entered into a deal with NVIDIA through which the latter would buy as much as $6.3 billion of excess capacity from the firm. NVIDIA is also a major investor in CoreWeave, Inc. and played a key role in the firm’s IPO. As for Cramer, he has expressed pride in defending the firm against its detractors, particularly at the time of its public listing. This time, he shared that NVIDIA CEO Jensen Huang endorsing the firm’s business model was a good thing:
Photo by Javier Esteban on Unsplash
“Yes and I think it’s really important to recognize that their model was endorsed by Jensen even as the bears think it’s a bogus model.”
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This article is originally published at Insider Monkey.
