Jim Cramer Says CoreWeave is “Up on a Short Squeeze”

CoreWeave, Inc. (NASDAQ:CRWV) is one of the 21 stocks on Jim Cramer’s radar. A caller asked for Cramer’s insight into the company’s relationship with NVIDIA, and asked if it is overbought. He said:

“I think it is overbought. I think it’s up on a short squeeze. I think the stock is just way too high. I mean, look at this. I mean, prices at $40, it should have never priced there when it did its IPO. People didn’t like it. They didn’t understand the balance sheet. Lots of hedge funds got shorted here, thinking that this thing really was not worth anything at all. I recommended buy it the whole darn time. The whole darn time.

… What I need to tell you is that if you bought it here, you can take off half of your position, half of it, and then you’re playing with the house’s money. Who doesn’t want to play with the house’s money? That’s the goal. The goal if you want to be a great investor is the house’s money. And that’s what you have if you bought CoreWeave when we said that we liked it. The relationship with NVIDIA is very solid, and NVIDIA owns a big chunk of CoreWeave.”

A professional investor in a bespoke suit calmly analysing a stock exchange chart.

CoreWeave, Inc. (NASDAQ:CRWV) provides cloud infrastructure tailored for high-performance workloads like AI training, rendering, and compute-intensive tasks. The company offers GPU and CPU compute, storage, networking, and management tools to support enterprise-scale applications.

While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.