CoreWeave, the GPU-focused cloud computing specialist, has been added to the Nasdaq-100 Index. The inclusion becomes effective June 22, 2026, marking a rapid ascent just 15 months after its initial public offering.
The stock surged approximately 6.5% in after-hours trading following the announcement. This milestone places CoreWeave among the 100 largest non-financial companies on the exchange, a significant achievement for a firm that priced its IPO at $40 per share in March 2025.
Inclusion in the index mandates that all benchmarked passive funds, including the widely held Invesco QQQ Trust, purchase CoreWeave shares to maintain target allocations. This mechanical buying pressure is expected to support the stock price leading up to the effective date.
CoreWeave joins other new entrants such as Astera Labs, Nebius Group, Rocket Lab, and Teradyne. Cognizant was removed from the index during this quarterly rebalancing.
The company’s growth is anchored by a $21 billion AI computing agreement with Meta Platforms, extending through 2032. Analysts project CoreWeave will generate between $12 billion and $13 billion in revenue by 2026, driven by demand for specialized chips powering large language models and inference at scale.