Jim Cramer Discusses His Interview With CoreWeave CEO

CoreWeave, Inc. (NASDAQ:CRWV) is among Jim Cramer’s recent stock calls as he urged investors to stand by the defense sector. Cramer highlighted his discussions with the company’s CEO, as he stated:

My late friend, Mark Haines, the legendary CNBC anchor, almost always said during the break… There are no free passes on this show… I used to be a hedge fund manager and a very active trader, so he pointed out that I would like a stock one week and dislike it the next. I’d talk about price and events and how a stock had gone up high or a catalyst had come on, so you had to move. But the free passes, Mark hated it when someone was interviewed, and there were no tough questions asked, because he always said the audience deserved better.

I bring this up because of our interview this morning on Squawk on the Street with Michael Intrator, the man behind CoreWeave, a company that manages data centers. He just won a huge order from Anthropic, which we know is the be-all and end-all of these days of AI. After congratulating him, I asked him when his company was going to start making money; they lose a ton. He gave me an answer that I thought wasn’t on point, talking about how there’s so much growth to be had, he couldn’t afford to focus on profitability. So later in the interview, I went right back at him on profitability. He said, CoreWeave could be profitable in three months, but the opportunity was too great, so he planned to keep investing in the business. Actually, I found that answer satisfactory. I think it contributed to the immense run the stock enjoyed today, up 11% as people maybe felt better about the balance sheet because I pushed Michael hard on profitability, and he said, hey, listen, we could be profitable, but we’re not.

Photo by Adam Nowakowski on Unsplash

CoreWeave, Inc. (NASDAQ:CRWV) runs a cloud platform designed to power and scale GenAI workloads with high-performance compute, storage, networking, and managed services.

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