CoreWeave, a Livingston-based leader in high-performance AI cloud infrastructure, has been selected for inclusion in the prestigious Nasdaq-100® Index. The company is expected to join the index prior to the market open on June 22.
The Nasdaq-100, which tracks 100 of the largest non-financial companies listed on the Nasdaq Stock Market, is one of the most widely followed benchmarks globally. This milestone comes just 15 months after CoreWeave’s initial public offering in March 2025, marking a rapid ascent for the Livingston-based firm.
“CoreWeave’s inclusion in the Nasdaq-100 reflects both our growth and the emergence of AI as one of the defining technologies of our time,” Michael Intrator, co-founder, chairman, and chief executive officer of CoreWeave said. “We built the cloud purpose-built for AI before many people understood why it would matter. This milestone belongs to the team that saw that opportunity early and executed relentlessly to help our customers bring AI to life.”
Since its founding in 2017, CoreWeave has transformed from a GPU-based cryptocurrency mining operation into a specialized “full-stack” cloud provider. Today, it serves as a critical backbone for leading AI labs, startups, and global enterprises, providing the massive compute power required to train and deploy advanced AI models.
The news of the index inclusion, announced on June 12, sparked immediate investor interest, with shares of CRWV rising nearly 5% in the following sessions. Index inclusion is widely viewed as a significant catalyst for institutional visibility, as passive funds and exchange-traded funds (ETFs) tracking the Nasdaq-100 will now be required to purchase shares of the company to align with the benchmark’s new composition.
CoreWeave will join the index alongside other notable technology firms, including Astera Labs, Nebius Group, Rocket Lab, and Teradyne. As part of the quarterly rebalance, five companies—Charter Communications, Cognizant Technology Solutions, Insmed, Verisk Analytics, and Zscaler—will exit the index to make room for the new entrants.
This move further solidifies the tech sector’s pivot toward AI-native infrastructure, signaling that Wall Street now classifies specialized cloud providers as core pillars of the technology economy.
