Jim Cramer Reveals Whether CoreWeave (CRWV) Was a Short Squeeze or Not

We have recently published Jim Cramer Discussed AI Circular Deals, Top Quantum Plays & These 22 Stocks. CoreWeaveInc. (NASDAQ:CRWV) is one of the stocks discussed by Jim Cramer.

CoreWeaveInc. (NASDAQ:CRWV) is another AI infrastructure firm whose shares have performed well recently. They are up by 38% year-to-date and by 59% in April so far. Cantor Fitzgerald discussed the firm on April 16th as it raised the share price target to $156 from $149 and kept a Buy rating on the shares. Among the factors that the firm discussed were CoreWeaveInc. (NASDAQ:CRWV)’s $21 billion deal with social media giant Meta, its $6 billion agreement with Jane Street, and another deal with AI firm Anthropic. Cramer has discussed the firm several times over the past couple of months, as he believes that the firm is an aggressive investment that has high debt levels and is vulnerable to share price volatility. As CoreWeaveInc. (NASDAQ:CRWV)’s shares have performed well in April, Cramer called the performance a short squeeze:

“That’s a short squeeze. . .Michael has it. . .Intrator, yeah.”

Jim Cramer Reveals Whether CoreWeave (CRWV) Was a Short Squeeze or Not

Cramer explained his thoughts about CoreWeaveInc. (NASDAQ:CRWV) in a recent Mad Money appearance:

“Okay, CoreWeave is an aggressive… CoreWeave is what I regard as being a very, it’s an aggressive buy. You’re doing something very aggressive. I happen to think the fundamentals are terrific, but remember, this is a new company with lots of debt, and it’s going to be prone to these kinds of up and down moves. So, it’s a roller coaster, and I just want you to know that I’m with you in thinking it’s terrific, but understand that you’re in for volatility when you own the stock of CoreWeave.”

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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