Jim Cramer discusses the rise and exit of CoreWeave’s IPO

CoreWeave, Inc. (NASDAQ:CRV) is one of actions that Jim Cramer talked about. Cramer noted the rise and fall of the stock price after its IPO, as he stated:

“Now you know what? I can say the same thing about CoreWeave, which I’ve talked about a lot on the show. It’s a data center operator, which went public at $40, soared to $187 in June, only to fall to $77 today. It’s up 93% from the IPO price, but down 59% from its highs… Now I talked a lot. Back when CoreWeave went public at $40 in March, I was It was right around Liberation Day, and remember those prices, and everyone on Wall Street was terrified that CoreWeave had a great deal in data mining, you know, they were kind of building out the data center infrastructure, and the stock was way too cheap at those levels. But if you had sold when I went negative, you would have still avoided massive losses down the road.

Photo by Chris Liverani on Unsplash

CoreWeave, Inc. (NASDAQ: CRWV) operates a cloud platform designed to power and scale GenAI workloads with high-performance compute, storage, networking and management services.

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Disclosure: None. This article was originally published on Initiated Monkey.