CoreWeave, Inc. (NASDAQ:CRWV) is one of the 14 stocks Jim Cramer recently looked at. During the episode, Cramer mentioned that the stock has a lot of short sellers, as he commented:
“They think they may have another CoreWeave on their hands, that’s a data center play that has 361 million shares, only 46 million are free to trade. When there are so few shares, it’s very easy for buyers to annihilate the short sellers who bet against these stocks, and there are plenty of short sellers here. Considerable short, for instance, in CoreWeave, 31% of the float. That’s kind of reminiscent of the old GameStop in a meme stock heyday…
A portfolio manager analyzing a stock chart, seeking to find the right investments.
CoreWeave (NASDAQ:CRWV) provides cloud infrastructure tailored for generative AI and offers compute, storage, networking, and managed services to support enterprise workloads. Additionally, the company delivers tools for AI training, rendering, and machine learning optimization.
While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.