CoreWeave to Join Nasdaq 100 on June 22, Shares Rally 5%
CRWV•CoreWeave will join the Nasdaq 100 index on June 22 as part of the quarterly rebalance, one of five new additions including Nebius and Teradyne. Shares jumped roughly 5% on the announcement and have climbed 40% year-to-date despite remaining below last June’s highs.
1. Inclusion Details
CoreWeave is one of five companies—including Nebius Group, Astera Labs, Rocket Lab and Teradyne—slated for addition to the Nasdaq 100 index on June 22 as part of the quarterly rebalancing.
2. Market Reaction
News of the index inclusion propelled CoreWeave shares up about 5% in a single trading session, reflecting increased demand from passive funds and broader market interest.
3. Year-to-Date Performance
CoreWeave stock has advanced approximately 40% since January, underpinned by AI cloud partnerships and Nvidia backing, although it remains below its June peak.
4. Index Inclusion Benefits
Joining the Nasdaq 100 can expand CoreWeave’s investor base and generate significant passive inflows from ETFs and mutual funds tracking the index.
