Jim Cramer said Tuesday that CoreWeave Inc.'s (NASDAQ:CRWV) strength is lifting the broader neocloud group, questioning whether bearish sentiment toward Nvidia Corp.
(NASDAQ:NVDA) can hold up.
Cramer Questions Nvidia Bears "CoreWeave igniting all of the neo-clouds… Will the 'long knives' remain out for Nvidia after this???" the CNBC host said in a post on X, adding, "Sheath those bad boys." Coreweave igniting all of the neo-clouds… Will the "long knives" still remain out for Nvidia after this???
Sheath those bad boys— Jim Cramer (@jimcramer) August 11, 2026 During CoreWeave's second-quarter earnings call, CFO Nitin Agrawal said demand remains "exceptionally strong" across its customer base, with "demand from multiple customers for each GPU we bring online." CEO Mike Intrator said pricing and margins for Nvidia's Blackwell and Vera Rubin chips are "setting new highs," while the company's near-term capacity remains "effectively sold out." Intrator added that contracts signed in the quarter carried contribution margins 5 to 10 percentage points above recent quarters, a dynamic he tied directly to customer demand for Nvidia-powered infrastructure.
Read Also: CoreWeave Says Data Center Moratoriums Won’t Stop AI Expansion: ‘They Are Going to Impact Where This Infrastructure Gets Built’ Nvidia's Financing Push Cramer has defended Nvidia through recent weakness, having called the stock's selloff "absurd" last month and said he still owns the stock and hasn't traded it.
