We recently published 9 Stocks on Jim Cramer’s Radar. CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently discussed.
CoreWeave, Inc. (NASDAQ:CRWV) is a computing infrastructure provider that primarily caters to the needs of the AI industry. Its role in the AI ecosystem means that Cramer frequently mentions it in his coverage. Cramer has repeatedly reminded viewers that he was among the few who were positive on CoreWeave, Inc. (NASDAQ:CRWV) as it listed its shares for public trading earlier this year. Yet, he has also warned viewers about unnaturally high share prices. Earlier this week, CoreWeave, Inc. (NASDAQ:CRWV) announced a new deal with NVIDIA through which the latter would purchase any excess cloud computing capacity. Cramer commented on the development:
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“Take a look at CoreWeave, they announced a deal this morning. Boom, nine points. Somebody says, listen, that deal is real. Huge up.
While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.