We recently published a list of Jim Cramer Rediscovers Love For Magnificent 7 & Discusses These 11 Stocks In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other stocks that Jim Cramer discusses.
In his recent appearance on CNBC’s Squawk on the Street, Jim Cramer found his love for Magnificent 7 stocks once again. He had grown disillusioned with them after the DeepSeek and tariff turmoil, as in a late April appearance, the CNBC TV host had renamed the stocks. “Yeah that’s gone. Yeah I don’t know it’s not like the Mag 7. . .no we’re done with that, Mag 7, whole thing. Now it’s the Wild Bunch. . . we’re switching, it’s no more, I mean honestly, Wild Bunch was actually a better movie,” he’d said.
This time around, Cramer returned to the Magnificent 7 moniker. “But let me come back with a new thesis. We found out why we liked the Magnificent 7 last night. They do well when things aren’t good. And there’s been a lot of periods where things aren’t good. Suddenly they do well!” according to him.
Cramer also sarcastically commented on President Trump attributing weak economic growth to President Biden. “Does he like Joe Biden?” said Cramer. What was interesting was he said yesterday was Biden’s market. He caught the opening but he didn’t get the close,” he added.
The conversation then shifted to Elon Musk and DOGE. Musk had announced last month that he would spend more time at his car company. Cramer, for his part, wondered why Musk didn’t “go after the Pentagon, Social Security, and Medicare. Why didn’t he go, where was the trillion dollars? What happened to the trillion dollars we were going to save?”
With the latest US weekly jobless claims surging to 241,000, Cramer agreed with BofA’s assessment, which called them a DC recession due to the Trump administration’s layoffs. “Absolutely. And I think that’s right. I’m not hearing anybody, in any of these other companies, [inaudible] listen, we’re gonna have to lay people off,” he outlined.
One interesting material that’s caught Cramer’s attention, which he believes could become a key point between the US and China’s trade relations, is ethane. Commenting on the hydrocarbon, he stated:
“[R]emember when, the future’s plastics? Right, well, they don’t have ethane in China. We have the ethane, they had a tariff on ethane, they took it away . . .yeah but lookout.”
“It’s an emergency move to be able to make things out of, ethane is David a building block, and we have it, they don’t.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on May 1st.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders In Q4 2024: N/A
CoreWeave, Inc. (NASDAQ:CRWV) is a data center hosting services provider that allows firms to use GPUs and other equipment for AI and other workloads. Since its IPO in March, the shares have gained 10% but they have lost 28% since the Liberation Day tariffs announcement. In his previous comments about CoreWeave, Inc. (NASDAQ:CRWV), Cramer said that he “likes” the stock. Here are his latest thoughts:
“Well how about the fact that Jensen Huang said the whole time they’re buying, they’re ordering, they’re ordering, and people didn’t care what Jensen’s saying. He was out of favor. And then Michael Intrator comes in and says they’re ordering, they’re ordering, what journalist had decided to sabotage this thesis?”
“This just might be their time. Because if they’re short in data space. . .you go to CoreWeave. Michael Intrator.”
Overall, CRWV ranks 11th on our list of stocks that Jim Cramer discusses. 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 doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CRWV but that trades at less than 5 times its earnings, check out our report about this cheapest 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.
