CoreWeave (CRWV) Stock Rises 18% in 2026 as Cramer Backs It Over IREN and Nebius

TLDR

• Jim Cramer named CoreWeave his only preferred neocloud stock, dismissing rivals IREN and Nebius
• CoreWeave posted Q2 revenue of $2.58 billion, up 112.5% year over year, with a backlog of $104 billion
• CRWV is up about 18% year to date, opening at $89.36 on Tuesday
• Institutional investors including Proficio Capital Partners and Alyeska Investment Group have grown their positions
• Analysts hold a consensus “Moderate Buy” rating with an average price target of $141.90

Jim Cramer gave CoreWeave a clear endorsement on CNBC’s “Mad Money” Lightning Round this week, saying: “If you’re going to do neoclouds, the only one I like is CoreWeave.”

The comment came after a viewer asked Cramer about IREN. He didn’t hold back.

CRWV opened at $89.36 on Tuesday. The stock has gained about 18% year to date, ahead of the S&P 500’s roughly 13% advance. Its 12-month range sits between $60.55 and $153.20.

CoreWeave, Inc. Class A Common Stock, CRWV

CoreWeave reported Q2 revenue of $2.58 billion, up 112.5% year over year. The company also beat EPS estimates, posting a loss of $1.14 per share against analyst expectations of $1.52.

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