yahoo Press
Circle Internet’s (CRCL) Shares Down Significantly After Jim Cramer Called It A Short Squeeze
Images
Circle Internet Group (NYSE:CRCL) is one of Jim Cramer’s Biggest Cryptocurrency and Blockchain Stock Hits & Misses. Circle Internet Group (NYSE:CRCL) is a stablecoin and blockchain software infrastructure provider. Its shares are up by 10.5% since they were publicly listed last year. However, as Circle Internet Group (NYSE:CRCL)’s stock surged by more than 200% following the IPO, Cramer took a cautious tone and advised viewers to book any profits they might have made. Since its post-IPO peak, the stock is down by 65%. 2026 has been a tumultuous period for Circle Internet Group (NYSE:CRCL)’s stock, as while it is up by 10%, it has nevertheless experienced dips and falls. On February 25th, the shares closed a strong 25% higher on the day the firm reported its fourth quarter earnings. The results saw the firm post $770 million in revenue and reserve income, which beat analyst estimates. However, Circle Internet Group (NYSE:CRCL)’s shares closed 20% lower on March 30th as reports suggested that the CLARITY could limit the firm’s and platforms such as Coinbase’s ability to offer yields on customers’ stabelcoin deposits. In his comments about Circle Internet Group (NYSE:CRCL) on Mad Money, Cramer called the stock a short squeeze: “Okay, Circle is a short squeeze. Tomorrow morning, you will sell 50% of your position… You will let the rest run. You will do that tomorrow for me, and I thank you.” Pixabay/Public domain While we acknowledge the potential of CRCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.