Jim Cramer said he has become less skeptical of CoreWeave after the company’s better-than-expected quarterly results and its raised 2026 guidance. Shares surged nearly 25% on Wednesday, while demand for computing capacity is now ten times greater than the company can supply. This imbalance allows the company to raise prices and support gross margins despite heavy spending on infrastructure expansion. Chief executive Michael Intrator also reassured investors about the company’s debt, the value of Nvidia H100 chips and the demand for data center construction. Cramer nevertheless believes that excessive exposure to the sector remains risky, even though the artificial intelligence theme still has substantial room to run.
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