Jim Cramer recently discussed CoreWeave Inc. (NASDAQ:CRWV) as part of a list of 14 stocks he talked about. The company operates in the AI infrastructure sector alongside Oracle.
Cramer has mentioned CoreWeave multiple times over the past few months, noting its close ties with NVIDIA, a leading AI GPU manufacturer. Since its initial public offering last year, CoreWeave's stock price has increased by 136%.
In January, Truist issued analysis on CoreWeave shares, setting an $84 price target and a Buy rating. The firm highlighted CoreWeave's relationship with NVIDIA as a key factor.
JPMorgan also commented on the stock, maintaining a Neutral rating with a $110 price target. The bank acknowledged significant AI demand for CoreWeave's services but cautioned that the stock's volatile trading activity might not suit all investors.
Cramer referenced CoreWeave in connection with former President Donald Trump, stating, "So we know this weekend, that we got Trump, we got his, what he’s been buying, you see that, what he’s been buying? So he’s been buying CoreWeave, CoreWeave bonds. Next thing I know, Michael Intrator is in Davos, talking about CoreWeave, and I’m like saying, okay, that’s it, the President is buying CoreWeave. . ."