CoreWeave (CRWV) captured investor attention after Jim Cramer highlighted the company on his June 16 Mad Money broadcast, suggesting that the firm’s locked‑in customer commitments could exceed current market expectations.
Jim Cramer’s Outlook
Cramer referenced a third‑party research analysis of CoreWeave’s debt filings, which disclosed a $99.4 billion backlog for the quarter ending March 31 2026. He warned that the reported figure might underrepresent the true scale of contracted work, implying a potentially larger backlog when the quarterly results are released.
Backlog Details and Growth
CoreWeave opened trading on Friday at $117.95 per share, reflecting a 49 % increase since the start of the year while still sitting roughly 28 % below its price level from twelve months earlier. The stock’s 52‑week range spans $63.80 to $187.00, indicating considerable