Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 3/27/25
6 snips
Mar 28, 2025 Michael Intrader, the Co-founder and CEO of CoreWeave, spills the tea on his company's IPO journey and the hurdles in the AI infrastructure space. He dives into the stock market's recent fluctuations, particularly affecting the AI sector, and discusses how CoreWeave is managing the challenges of rising demand for computing power. Intrader also sheds light on partnerships with key players like NVIDIA, emphasizing the importance of robust infrastructure for the future of AI. Tune in for insights on how these dynamics shape investment strategies.
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Buying on Weakness
- Consider taking the other side of the trade if you have cash.
- Put a small amount in on Tuesday, betting on negativity, and more on Friday if there's a bad labor report.
CoreWeave's Tepid Debut
- CoreWeave's IPO was downsized and lowered in price due to weaker demand.
- Despite opening below the offer price, it closed at $40.
CoreWeave's Debt
- Unlike most tech companies, CoreWeave has debt, which some see as a negative.
- However, this debt allows them to purchase essential NVIDIA GPUs for first-mover advantage.