We recently published Jim Cramer’s Biggest Losers: 10 Stocks That Just Didn’t Work Out.
CoreWeave Inc. (NASDAQ:CRWV) is one of the stocks discussed by Jim Cramer
CoreWeave Inc. (NASDAQ:CRWV) is another stock that Jim Cramer has stuck by despite the weak performance. Being one of the biggest proponents of the AI buildout, the CNBC TV host believes that CoreWeave Inc. (NASDAQ:CRWV) is a leader in the space when it comes to building data centers. The firm’s shares are down by 48.8% over the past year and are up by 3% year-to-date.
Since Cramer’s remarks in January, the shares are down by 19%. On May 8th, CoreWeave Inc. (NASDAQ:CRWV)’s shares closed 11% lower after the firm reported its fourth quarter earnings. The results saw it post $2.08 billion in revenue to beat analyst estimates of $1.97 billion.