Key HighlightsCNBC’s Jim Cramer exclusively endorsed CoreWeave among neocloud companies, excluding IREN and Nebius from his recommendationsQ2 financials showed $2.58 billion in revenue, representing 112.5% growth year-over-year, alongside a $104 billion backlogShares have advanced approximately 18% since the start of 2026, with Tuesday’s opening price at $89.36Major institutional players like Proficio Capital Partners and Alyeska Investment Group have substantially expanded their holdingsWall Street consensus indicates a “Moderate Buy” with analyst price targets averaging $141.90During this week’s CNBC “Mad Money” Lightning Round segment, Jim Cramer delivered an unambiguous endorsement of CoreWeave, stating: “If you’re going to do neoclouds, the only one I like is CoreWeave.”The statement followed a viewer inquiry about IREN, prompting Cramer to offer his candid perspective on the neocloud landscape.Trading commenced at $89.36 on Tuesday for CRWV shares. The stock has delivered approximately 18% returns year-to-date, surpassing the S&P 500’s roughly 13% climb. Over the past twelve months, shares have fluctuated between $60.55 and $153.20.CoreWeave, Inc. Class A Common Stock, CRWVThe company’s second-quarter results revealed revenue of $2.58 billion, marking a 112.5% increase compared to the prior year. CoreWeave also exceeded earnings projections, recording a loss of $1.14 per share versus analyst forecasts of $1.52.The backlog expanded 56% quarter-over-quarter to reach $104 billion in Q2, a figure that has fueled significant optimism among investors and analysts.However, the robust revenue expansion comes alongside operational challenges, including a negative net margin of 25.41% and a negative return on equity of 47.95%. The company’s debt-to-equity ratio currently registers at 5.53.Institutional Investors Significantly Increase StakesMajor institutional capital has been flowing into the stock. Proficio Capital Partners dramatically expanded its CoreWeave position by more than 446,000%, accumulating 17.85 million shares valued at approximately $2.44 billion.Alyeska Investment Group boosted its ownership by 55.7% during Q2, now holding 10.89 million shares. HB Wealth Management established a fresh position consisting of 39,599 shares worth about $3.94 million.Additional positioning activity came from Bank of America and Deutsche Bank, both of which increased their stakes in recent reporting periods.Corporate Insiders Execute Substantial Share SalesContrasting with institutional buying patterns, company insiders have been liquidating positions. Throughout the last three months, insiders offloaded over 7 million shares totaling approximately $649.8 million.CFO Nitin Agrawal divested 5,509 shares on August 25 at an average of $88.64 per share. Insider Brannin McBee sold 500 shares on August 24 at $85.51 each. These transactions occurred under previously established Rule 10b5-1 trading arrangements.Company insiders maintain ownership of 24.20% of outstanding shares.Among Wall Street analysts covering CRWV, 21 maintain Buy ratings, 10 recommend Hold, and 3 advise Sell. The average price target stands at $141.90, representing significant upside from the current $89.36 trading level.Analyst projections span a considerable range. Rosenblatt maintains the highest target at $250. Cantor Fitzgerald established a $176 objective. Truist recently upgraded its target to $165. Roth Capital projects $145.Cramer’s endorsement distinguishes CoreWeave from competing neocloud providers that have also demonstrated impressive growth metrics. Nebius delivered Q2 revenue that skyrocketed 454% to $582 million. IREN announced fiscal Q4 revenue reaching $137.2 million, with its AI Cloud segment posting 110% sequential growth.Nebius shares have approximately tripled during 2026. IREN has registered gains of about 10.2%. CoreWeave’s 18% appreciation positions it between these competitors.Technical indicators show CoreWeave’s 50-day moving average at $85.20, while the 200-day moving average sits at $94.37. The company’s market capitalization currently totals $41 billion.The post Jim Cramer Endorses CoreWeave (CRWV) Stock as Top Neocloud Play Amid 18% YTD Gain appeared first on Blockonomi.