Jim Cramer Recently Commented On These 12 Stocks

2. CoreWeave, Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holders: N/A

Cramer noted that people backed away from CoreWeave, Inc. (NASDAQ:CRWV) because of fears, but they ended up missing out on a great company.

“Now let’s talk CoreWeave, the one that was probably the hardest to get…. This company came public at the end of March at $40. It was almost like a forced IPO, they had to get it done. Before the IPO, everyone thought this was a red-hot story, but then Wall Street gave up on the entire AI edifice, and people lost interest in this deal. It had to be downsized. And by the way, it also come at a much lower price because people were so skeptical of its business model…

But as people got more comfortable with it, they realized that CoreWeave was actually doing incredibly well, something that the people at NVIDIA confirmed. NVIDIA is a big investor in CoreWeave, and it seems like the relationship is very strong… We kept pounding the table, knowing that CoreWeave’s business was doing great the whole time. A few weeks ago, the stock bottomed, and by last night, it had roared to $67. When the company reported last night, everything I said would happen, happened, and the stock initially rallied hard… although eventually it pulled back because management plans to invest heavily to meet sky-high levels of demand, and people are freaked out by that.

Still, the stock’s basically doubled since late April when I told you you had to buy it. People were just too cynical and uninformed about the prowess of the scrappy company, and it gave the constructive and optimistic among us a much better opportunity to buy than anyone thought possible, as recently as the month before the IPO.”

CoreWeave (NASDAQ:CRWV) runs a cloud platform focused on GenAI. The company’s services include compute, storage, networking, AI model training, VFX rendering, mission control, infrastructure tools, and lifecycle management features.