Jim Cramer Still Calls CoreWeave’s Stock Price a “Win” Despite Being Significantly Down From Its Peak

CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks that received Jim Cramer’s latest comments. Cramer mentioned the minute insider selling by the CEO during the 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.”

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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 commented on the company’s quarter during the November 11 episode. He said:

“… the quarter we just got from CoreWeave, that’s a key data center operator that had to cut its full-year outlook today because it has contracted with an outfit called Core Scientific that failed to deliver its part of several data centers on time. It’s a huge piece of business that didn’t get done. The missed quarter shocked people, and it was a wake-up call that you can’t build these data centers overnight, and there could be even more costs than we thought.”

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.