Jim Cramer on CoreWeave: “I Think It’s One of the Stronger Players in the Neocloud Space”

CoreWeave, Inc. (NASDAQ:CRWV) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer called the company “best in the business,” as he stated:

Now, next is CoreWeave. It’s a pure-play neocloud firm. I talk about it quite a bit. CoreWeave’s arguably the best in the business with a strong, diverse client base for its massive warehouses full of servers. Now, the stock came public in March of last year, $40 a share, in a sea of pessimism. The stock shot up above $180 last June and since dropped back to the $80s, more recently dinged by the Meta news. These things are all wild traders.

CoreWeave ended the first quarter of 2026 with a backlog of just under $100 billion, giving an incredible level of visibility into the future business. The expected revenue ramp is aggressive, from just below $13 billion this year to just under $25 billion in 2027 to more than $40 billion in 2028. Earnings are expected to reach $3.36 per share in 2028, $6.9… in 2029. Not bad if those estimates come true, and a big swing from the losses the company currently generates.

And CoreWeave’s currently cheaper than the last price where NVIDIA invested in it. Intriguing. The key question here, like with Oracle, is whether CoreWeave’s backlog can convert into profitable revenue… I think it’s one of the stronger players in the neocloud space. Many people feel it has got to start thinking about at least generating some profit.

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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