CoreWeave will join the Nasdaq-100 Index on June 22, 2026, marking a significant milestone for the AI cloud computing company just 15 months after its March 2025 initial public offering. The New Jersey-based provider of GPU infrastructure for artificial intelligence workloads will be added as part of the index’s quarterly rebalancing, which also includes four other companies: Rocket Lab, Astera Labs, Nebius, and Teradyne.
The inclusion reflects CoreWeave’s explosive growth in the AI infrastructure space. The company, which pivoted from cryptocurrency mining to become a leading supplier of graphics processing unit computing power to AI labs and enterprises, has seen its stock more than double since its IPO, when shares opened at $39 and closed flat at $40 on the first day of trading.
Index inclusion triggers automatic buying by passive funds and ETFs that track the Nasdaq-100. According to market observers, this rebalancing will force billions of dollars from index-tracking vehicles to purchase CoreWeave shares, broadening the company’s shareholder base and increasing trading liquidity ahead of the effective date.
CoreWeave operates a cloud platform purpose-built for generative AI, managing over 40 data centers globally equipped with high-performance GPU clusters. The company has become a critical infrastructure backbone for major AI companies, with customers including OpenAI, Meta, and other leading artificial intelligence developers. The company guides for $12 billion to $13 billion in revenue for 2026, according to retrieved reports.
The addition comes as CoreWeave’s founders have been actively liquidating holdings. Since the company’s lockup period expired in August 2025, co-founders Michael Intrator, Brannin McBee, and Brian Venturo have collectively sold more than $2.3 billion in stock, according to Bloomberg and other sources citing Washington Service data. Venturo, CoreWeave’s chief strategy officer, alone has sold over $1.1 billion worth of shares during this period.
The index inclusion also coincides with CoreWeave’s recent financing activities. The company announced a $3.55 billion high-yield bond offering, broadening its access to capital markets as it scales AI infrastructure capacity to meet surging demand from enterprises and AI developers worldwide.
Sources
- CoreWeave — official announcement of Nasdaq-100 Index inclusion effective June 22, 2026
- Yahoo Finance — confirmation of index addition and market context
- The Next Web — reporting on 15-month post-IPO milestone and founder background
- Tech Times — details on June 2026 quarterly rebalancing and five companies added
- Bloomberg — reporting on $2.3 billion in founder stock sales since August 2025 lockup expiration
- Crunchbase News — IPO opening and first-day trading details from March 28, 2025
- Simply Wall Street — context on index inclusion and $3.55 billion bond deal
- MarketWatch — stock performance and index inclusion announcement
