CoreWeave and Nebius shares jump on Nasdaq 100 inclusion

CoreWeave and Nebius will be added to the Nasdaq 100 index on June 22 as part of Nasdaq’s quarterly rebalance, effective before market open. The move follows Nasdaq’s announcement that both AI infrastructure firms will join the index alongside Astera Labs, Rocket Lab, and Teradyne. CoreWeave’s shares rose 7.3% to near $102, while Nebius climbed 6.3% to around $233, reflecting investor optimism about their inclusion. The Nasdaq 100 is one of the most closely watched technology indexes, and inclusion can boost visibility with institutional investors while attracting demand from passive funds tracking the benchmark. CoreWeave and Nebius have become key players in AI cloud infrastructure, offering computing capacity for companies training and deploying advanced AI models. Their addition underscores the growing importance of AI-focused firms in public markets. CoreWeave recently raised its 2026 capital expenditure forecast to $31 billion, citing rising component costs as it expands capacity amid strained demand for AI infrastructure. Nebius has positioned itself as a full-stack AI cloud provider, drawing investor interest as an alternative to larger cloud platforms. Both firms benefit from the broader trend of Wall Street rewarding companies tied to AI data centers, chips, and compute capacity. The Nasdaq 100 rebalance coincides with a wave of major tech listings and index speculation, including SpaceX’s recent debut on Nasdaq under the ticker SPCX. Analysts note the shift reflects the increasing weight of AI infrastructure in the tech sector, with CoreWeave and Nebius leading as high-profile names in the AI cloud trade.