Jim Cramer "AI infrastructure, CoreWeave over IREN"..62% upside potential

▲ CoreWeave (CRWV), IREN (IREN), Artificial Intelligence (AI)/AI Generated Image

CNBC analyst Jim Cramer favored CoreWeave (CRWV) over IREN Ltd (IREN) among AI infrastructure stocks. Cramer assessed CoreWeave as “cheaper and better” than IREN.

According to Stocktwits on August 7 (local time), Cramer said in the Lightning Round of CNBC’s ‘Mad Money’, “If you like IREN, buy CoreWeave. CoreWeave is cheaper and better.” However, he did not provide specific reasons for this assessment. CoreWeave is a company that supplies on-demand cloud capacity to large cloud operators and AI companies. IREN is expanding its business from a Bitcoin (BTC) mining company to an AI infrastructure company.

There is a significant difference in the business scale of the two companies. According to Stocktwits, CoreWeave’s revenue is 130 times larger than IREN’s. IREN showed a sharp increase in revenue year-over-year, after which its growth rate slowed. In contrast, CoreWeave is still doubling its revenue every quarter. CoreWeave’s stock price also rose significantly more than IREN’s in 2026.

Securities market forecasts also assign a relatively higher upside potential to CoreWeave. According to Koyfin data, among 38 analysts analyzing CoreWeave, 27 issued a 'buy' rating, and the expected upside was 62%. For IREN, 11 out of 18 analysts issued a 'buy' rating, with an expected upside of 35%. Stocktwits mentioned a 65% upside potential for CoreWeave in the article description, but the provided table showed 62%.

CoreWeave will announce its Q2 earnings on August 11. Analysts expect revenue to reach $2.56 billion, a 110% increase from the same period last year. The forecast for adjusted loss per share is $1.21. IREN has not yet disclosed its quarterly earnings release date. Last month, IREN raised its 2026 annual recurring revenue (ARR) forecast from $3.7 billion to over $4 billion. This forecast was raised after signing a new multi-year cloud service contract worth $2.8 billion.

Stocktwits individual investors’ evaluations differed from Cramer’s choice. On Friday, investor sentiment for IREN was strong, while investor sentiment for CoreWeave was weak. Some investors also noted the increasing short interest in IREN.

[Article Key Summary]

-Jim Cramer prefers CoreWeave over IREN, stating that “CoreWeave is cheaper and better.”

-According to Koyfin data, CoreWeave’s expected upside is 62%, and IREN’s is 35%.

-CoreWeave’s Q2 revenue is expected to reach $2.56 billion, a 110% increase from the same period last year.

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