MarketPR
On September 16, Mad Money host Jim Cramer fielded a caller question about CoreWeave, Inc.
(NASDAQ: CRWV) and offered a qualified buy, saying the company is "smack in the middle of the great industrial buildout" and that he thinks it is "going to be okay to buy." He flagged that the setup becomes more speculative as the Federal Reserve raises rates, because the company carries heavy debt that gets costlier in a tightening cycle.
The next catalyst in focus is third-quarter commentary, which will be the first to incorporate more than $25 billion in new customer commitments added since June 30.
The order book and the balance sheet CoreWeave reported second-quarter revenue of $2.58 billion, roughly 112% above the same period a year earlier. The revenue backlog stood at $104 billion as of June 30.
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