Jim Cramer Expects a Big Surprise for CoreWeave

CoreWeave, Inc. (NASDAQ:CRWV) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer highlighted the company CEO’s next possible actions, as he said:

There are a lot of possible upside surprises next week. I think the one that may be a big surprise is a stock that’s heavily shorted. It’s called CoreWeave, Michael Intrator… I like him… I’m concerned that there could be a financing deal. CoreWeave was pretty aggressive about continuing to build new data centers. I don’t blame them. They’re the best at it. We could get a real pop from the CEO, Michael Intrator, if he didn’t offer stock, if they didn’t do a deal… He does convertibles.

CoreWeave, Inc. (NASDAQ:CRWV) runs a cloud platform designed to power and scale GenAI workloads with high-performance compute, storage, networking, and managed services. A caller asked about the stock during the April 20 episode, and Cramer replied:

Okay, CoreWeave is an aggressive… CoreWeave is what I regard as being a very, it’s an aggressive buy. You’re doing something very aggressive. I happen to think the fundamentals are terrific, but remember, this is a new company with lots of debt, and it’s going to be prone to these kinds of up and down moves. So, it’s a roller coaster, and I just want you to know that I’m with you in thinking it’s terrific, but understand that you’re in for volatility when you own the stock of CoreWeave.

While we acknowledge the risk and potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.