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Cramer Backs CoreWeave Over IREN as Neocloud CapEx Soars

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The Story

News Summary

  • Jim Cramer favored CoreWeave over IREN on Mad Money, calling smaller neoclouds speculative.
  • While both companies report surging AI cloud demand and backlogs, both face massive capital expenditures, heavy debt loads, and financial risks as IREN transitions capacity away from Bitcoin mining.
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