Reported 3 days ago
Jim Cramer discussed CoreWeave, Inc. (CRWV), a major player in the AI sector, noting that its share price has seen significant volatility due to power supply constraints affecting its operations. After a 132% gain since its IPO in March, the stock experienced a 49% drop from its June peak, closing 21% lower on the day of Cramer's remarks. Cramer advised caution regarding investing in CRWV until the situation stabilizes, while indicating that there are potentially better AI stocks with lower downside risk.
Source: YAHOO