Jim Cramer on CoreWeave: “It’s a Very Well-Run Company By Michael Intrator”

CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently commented on. Answering a caller’s query about the stock, Cramer said:

“Look, I like CoreWeave. It’s a very well-run company by Michael Intrator. There are better plays to play the data center, but it’s doing very, very well.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

CoreWeave, Inc. (NASDAQ:CRWV) runs a cloud platform designed to power and scale GenAI workloads with high-performance compute, storage, networking, and managed services. Cramer discussed insider selling in the stock during the November 24 episode, as he commented:

“CoreWeave raised $1.5 billion at $40 per share. With the stock now at $73 and change, you can still call that a win. Although this thing’s way down from $187 at its peak over the summer… How about the insider selling?… Michael Intrator, the CEO of CoreWeave, has sold about $84 million worth of stock since its lockup expired, which is admittedly a very small part of his holdings, though.”

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.

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Disclosure: None. This article is originally published at Insider Monkey.