Jim Cramer on CoreWeave: “That Stock is Not Yet Done Coming Down”

CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer was focused on. A caller asked what Cramer thinks of getting into the stock here, noting that it is down almost 50% for the year from its 52-week high. He replied:

“Okay, look, I like CoreWeave… Here’s the problem with it: You know, people kind of like are saying, you know what, it’s moved up so much. It’s going down. Here’s what you do with a stock like CoreWeave: I learned a long time ago sometimes stocks tell you what to do. This one is going to tell you what to do when it stops going down, and that has not happened.

And do not count today because today was a bounce-back day. Let’s see. This stock is going to tell us. I need to say that because it’s losing money. When you have a stock that’s of a company that’s losing money, you have to let the stock tell you. And I can read, what can I say? I’m a stock whisperer. That stock is not yet done coming down. But I like your concept. I just think there are other better stocks in this market.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

CoreWeave, Inc. (NASDAQ:CRWV) provides a cloud platform optimized for GenAI, delivering GPU and CPU compute, storage, networking, and managed services. The company supports AI training, inference, rendering, and data optimization for enterprise workloads.

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