Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

CoreWeave jumps 10% on NASDAQ 100 inclusion, outpacing AI cloud peers

Market News
16 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

CoreWeave shares rose 10% due to its inclusion in the NASDAQ 100 index, which triggered passive buying from index funds. This mechanical demand boosted the stock despite no new fundamental news, although CoreWeave's recent Q1 revenue doubled year-over-year and it has a large revenue backlog including a major Meta contract. In contrast, AI cloud peers Cloudflare and Snowflake saw slight declines without fresh catalysts. Investors should watch if the index-driven demand sustains or fades after the rebalance period, as CoreWeave remains volatile with significant losses and high capital spending.

More News (NET)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App