Coreweave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer talks about. Cramer mentioned the company in this episode and said:
“I was one of the few people who had a core weaving public offering at $40 per share in late March and then dropped to 30 seconds before the trading month, but then the stock was rushing and hot, just in two months, and in two months, it soared to late June afternoon highs. I really like the basic business, but now, the lockdown of internal sales is in June, with Coreweave returning to the 90s. [of] These little deals I call Sliver…Coreweave reported a great quarter earlier last month, but then the lockdown expired. We have a huge wave of insider sales. Now, the stock is down 37% from its mid-August high…”
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CoreWeave, Inc. (NASDAQ:CRWV) provides a cloud platform designed to scale and accelerate enterprise computing workloads and provides solutions including GPU and CPU compute, storage, networking, networking and hosting services. The company's solutions support AI training and reasoning, VFX rendering, and developer tools for machine learning.
Although we acknowledge the potential of CRWV as an investment, we believe that certain AI stocks have greater upside potential and less downside risk. If you are looking for an undervalued AI stock that will also benefit greatly from the Trump era tariffs and open-ended trends, see our free report on the best short-term AI stocks.
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Disclosure: None. This article was originally published in Insider Monkey.