TLDR
- CoreWeave will join the Nasdaq-100 Index on June 22 as part of the June quarterly rebalance
- The stock rose nearly 5% in Friday premarket trading, hitting $100.42
- CoreWeave priced a $3.25 billion dual-currency senior notes offering, due to close June 18
- Bond Capital Management disclosed a new stake, making CoreWeave its largest holding
- Five stocks will be removed from the index, including Zscaler (ZS) and Charter Communications (CHTR)
CoreWeave (CRWV) stock climbed nearly 5% in Friday premarket trading after Nasdaq announced the AI cloud infrastructure company will be added to the Nasdaq-100 Index effective June 22, 2026.
CoreWeave, Inc. Class A Common Stock, CRWV
The stock was up 4.89% at $100.42 in premarket action, according to Benzinga Pro data.
CoreWeave will join the index alongside Astera Labs (ALAB), Nebius Group (NBIS), Rocket Lab (RKLB), and Teradyne (TER) as part of the June quarterly rebalance. All five incoming names posted premarket gains, with Rocket Lab leading the pack up 6.81%.
The additions will replace Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), and Zscaler (ZS).
Index inclusion tends to force buying from ETFs and index-tracking funds that must realign their portfolios to match the benchmark’s new makeup. That mechanical demand is often a short-term price tailwind.
$3.25 Billion Debt Offering
Separately, CoreWeave priced a private offering of $1.25 billion in 9.625% senior notes and €2 billion in 8.500% senior notes, both maturing in 2032. The offering is expected to close June 18, 2026.
The company said proceeds will go toward general corporate purposes, including repaying outstanding debt.
Bond Capital Management also disclosed a new stake in CoreWeave, listing it as the firm’s largest holding. That institutional vote of confidence added to the positive sentiment around the stock.
The dual-currency raise, combined with fresh institutional backing, reduced near-term concerns about CoreWeave needing to tap equity markets to fund its expansion.
Where the Stock Stands
Despite Friday’s bounce, CoreWeave is still trading below its 20-day SMA of $106.08 and its 50-day SMA of $108.54. It does hold above the 100-day SMA of $97.89 and is trading near the 200-day SMA of $100.05.
A golden cross formed in May when the 50-day SMA crossed above the 200-day SMA — a setup that technical traders often watch for signs of longer-term trend stabilization.
Key resistance sits near $100.50, with support around $95.00.
Momentum indicators remain cautious. The MACD is below its signal line, and the technical sentiment signal is currently flagged as Strong Sell despite the index news.
CoreWeave carries a consensus Buy rating from 46 analysts, with an average price target of $140.28. Recent calls include BNP Paribas at $192 (Outperform), Cantor Fitzgerald at $167 (Overweight), and DA Davidson at $100 (Neutral, downgraded).
Earnings are expected on August 11, 2026. Analysts forecast a loss of $1.25 per share on revenue of $2.56 billion, up from $1.21 billion a year earlier.
CoreWeave’s year-to-date performance stands at +33.70%, with a current market cap of $52.23 billion.
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