CoreWeave stock fell nearly 15% on Wednesday, less than a day after Jim Cramer told CNBC viewers it was the only company of its kind he trusts. The slide followed a sell-off in CoreWeave’s bonds that pushed their yield to 15%.

CoreWeave rents out Nvidia chips to artificial intelligence (AI) developers, a model the industry calls a “neocloud.” Its total debt reached about $52 billion by June, more than the company’s roughly $37 billion stock market value.

Why Did CoreWeave Stock Fall a Day After Cramer’s Endorsement?

On Tuesday’s Mad Money Lightning Round, a caller asked Cramer about IREN, a rival AI cloud firm. Cramer pointed him elsewhere.

“If you want to be in that business of the neocloud, the only one that I trust and want…