We recently published 11 Stocks on Jim Cramer’s Radar. CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently discussed.
AI data center infrastructure provider CoreWeave, Inc. (NASDAQ:CRWV)’s earnings left Cramer with plenty to talk about. The firm’s fiscal third-quarter earnings saw its $1.36 billion in revenue beat analyst estimates. However, CoreWeave, Inc. (NASDAQ:CRWV)’s 2025 revenue guidance of $5.05 billion to $5.15 billion missed $5.29 billion in LSEG estimates. Here is what Cramer said about the firm:
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“Now Lisa has more business than OpenAI, but I was quite stunned by what happened yesterday with CoreWeave, right here. Where, I thought Michael Intrator was clear, first when pressed that it’s not one site that there’s a problem with. It’s five sites. And I don’t want to hear that. I don’t want to hear glitches when we’re in the year of magical investing. It makes me say, maybe we’re in the era of profitable investing. That’s a switch for me.
“Because right now we don’t have enough [power], and when you listen to Intrator, remember it’s a two-fold issue, you got to build the power and then you got to also have the, you have to havve the building. If you don’t have the power, then you’re not going to go as fast as you’d like.
“[After Carl mentioned how Cramer asked Intrator why he was so confident about the money and then called Intrator out when the CEO pointed at OpenAI’s monthly active users] Well, I remember that. I was in the business of monthly active users in 1999 when TheStreet.com became public. We had more eyeballs than any ophthalmologist than there was in the country. . .we were ophthalmologists! I remember saying this stuff, I remember saying, then being pressed on it and saying, listen, right now everything is being measured by eyeballs. I was at a thousand person Goldman conference, and I said, listen, as long as it’s measured by eyeballs, we’re king. The moment it’s measured by profits, we’re dead. And things flipped within two months, when we came public and the stock went from 62 to two. It was the height of embarrassment. And I always said if we ever see that again, I’m going to call it out.
“So I’m seeing it and I can’t just say, well you know what, that was then, this is now. I’m not Michael Burry, whom I don’t know. I’m not going to short what Lisa Su’s saying. . .No, I think Lisa Su talked about the depreciation thesis same as you heard from Michael Intrator. . .look, OpenAI is a beast. They have to make the money, they have to. And I don’t want a deadstop.
“I did not like the CoreWeave interview, it was not an interview where I said, you know I feel great now.”
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Disclosure: None. This article is originally published at Insider Monkey.
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