CoreWeave Inc.
(NASDAQ:CRWV) shares are up approximately 20% this week as the AI cloud company made headlines on multiple fronts—from a Nasdaq-100 inclusion to record-breaking AI training results.
Nasdaq-100 Inclusion The week's first major development came on June 12 when Nasdaq announced its quarterly index reconstitution, with CoreWeave set to join the Nasdaq-100 before market open on Monday, June 22.
CoreWeave joins Astera Labs, Nebius Group, Rocket Lab, and Teradyne in the rebalance, replacing Charter Communications, Cognizant, Insmed, Verisk Analytics, and Zscaler.
The addition is expected to drive significant buying from passive funds and ETFs tracking the index — including the QQQ, which manages over $300 billion in assets—as they are required to add CRWV to their portfolios before the effective date.
