{"id":733323,"date":"2026-06-14T12:15:27","date_gmt":"2026-06-14T09:15:27","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/coreweave-joins-nasdaq-100-15-months-after-ipo\/"},"modified":"2026-06-14T12:15:27","modified_gmt":"2026-06-14T09:15:27","slug":"coreweave-joins-nasdaq-100-15-months-after-ipo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coreweave-joins-nasdaq-100-15-months-after-ipo\/","title":{"rendered":"CoreWeave joins Nasdaq-100 15 months after IPO"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2f1a2e95fd3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2f1a2e95fd3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/coreweave-joins-nasdaq-100-15-months-after-ipo\/#TLDR\" >TL;DR<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/coreweave-joins-nasdaq-100-15-months-after-ipo\/#From_Ethereum_rigs_to_the_Nasdaq-100\" >From Ethereum rigs to the Nasdaq-100<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/coreweave-joins-nasdaq-100-15-months-after-ipo\/#The_numbers_behind_the_hype\" >The numbers behind the hype<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/coreweave-joins-nasdaq-100-15-months-after-ipo\/#Concentration_risk_cuts_both_ways\" >Concentration risk cuts both ways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/coreweave-joins-nasdaq-100-15-months-after-ipo\/#The_founders_have_been_selling\" >The founders have been selling<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/coreweave-joins-nasdaq-100-15-months-after-ipo\/#What_Nasdaq-100_inclusion_means\" >What Nasdaq-100 inclusion means<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"article-main-content\">\n<p><em><\/p>\n<div class=\"postContent-tldr\">\n<h4 class=\"postContent-offsetTitle\"><span class=\"ez-toc-section\" id=\"TLDR\"><\/span>TL;DR<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>CoreWeave will join the Nasdaq-100 on 22 June 2026, just 15 months after its IPO. The GPU cloud provider, which started as a crypto mining operation, reported $2.1 billion in Q1 revenue but carries nearly $25 billion in debt. Its founders have sold $2.3 billion in stock since the lockup expired.<\/p>\n<\/div>\n<p><\/em><\/p>\n<p>CoreWeave, the AI cloud infrastructure company that began life as a New Jersey cryptocurrency mining operation called Atlantic Crypto, has been\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investors.coreweave.com\/news\/news-details\/2026\/CoreWeave-to-Join-Nasdaq-100-Index\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">selected for inclusion in the Nasdaq-100 Index<\/a>. The addition takes effect before market open on 22 June, just 15 months after CoreWeave priced its IPO at $40 per share in March 2025.<\/p>\n<p>CoreWeave will join the index alongside Astera Labs, Nebius Group, Rocket Lab, and Teradyne as part of the\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/press-release\/nasdaq-100-indexr-june-2026-quarterly-changes-2026-06-12\" target=\"_blank\" rel=\"nofollow noopener\">June quarterly rebalance<\/a>. Charter Communications, Cognizant, Insmed, Verisk Analytics, and Zscaler are being dropped.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"From_Ethereum_rigs_to_the_Nasdaq-100\"><\/span>From Ethereum rigs to the Nasdaq-100<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>CoreWeave\u2019s trajectory is one of the stranger origin stories in enterprise tech. Michael Intrator, Brian Venturo, and Brannin McBee founded Atlantic Crypto in 2017 as a GPU-based Ethereum mining business, operating out of a single data centre in New Jersey.<\/p>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/media.thenextweb.com\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/media.thenextweb.com\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/p>\n<div class=\"channel-cta-input\">\n<p class=\"channel-cta-title\">The \ud83d\udc9c of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>When crypto mining margins collapsed, the founders realised the same Nvidia GPUs could serve machine learning, visual effects, and scientific simulation workloads. The company rebranded to CoreWeave in 2021 and\u00a0rebuilt itself as a GPU cloud provider, eventually becoming Nvidia\u2019s elite cloud partner with preferential access to new chip generations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_numbers_behind_the_hype\"><\/span>The numbers behind the hype<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>CoreWeave reported $2.1 billion in\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/05\/07\/coreweave-crwv-q1-earnings-report-2026.html\" target=\"_blank\" rel=\"nofollow noopener\">Q1 2026 revenue<\/a>, up 112% year on year. It reaffirmed full-year guidance of $12 billion to $13 billion, which would make it the fastest cloud company in history to reach that scale.<\/p>\n<p>The revenue backlog is even more striking. It ended Q1 at $99.4 billion, nearly quadruple the year-ago figure, driven by multibillion-dollar commitments from\u00a0Meta,\u00a0Jane Street,\u00a0Anthropic, and OpenAI.<\/p>\n<p>But the growth comes at a steep cost. CoreWeave posted a net loss of $740 million in Q1, weighed down by $536 million in interest expense alone.<\/p>\n<p>Total debt stood at nearly $25 billion at quarter\u2019s end, the result of aggressive borrowing to fund data-centre construction.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Concentration_risk_cuts_both_ways\"><\/span>Concentration risk cuts both ways<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Microsoft accounted for roughly 67% of CoreWeave\u2019s 2025 revenue, a figure that dropped to 45% in Q1 2026 as the customer base broadened. The company now counts nine of the ten largest AI model providers as clients, but losing a single anchor tenant would still hit hard.<\/p>\n<p>On the supply side, CoreWeave depends exclusively on Nvidia for its GPU hardware. That relationship is a competitive advantage when chips are scarce, and a single point of failure if Nvidia prioritises other customers or supply chains buckle.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_founders_have_been_selling\"><\/span>The founders have been selling<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>CoreWeave\u2019s three co-founders have\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/coreweave-founders-dumped-2-3-093000394.html\" target=\"_blank\" rel=\"nofollow noopener\">sold $2.3 billion in stock<\/a>\u00a0since the company\u2019s lockup period expired in August 2025, according to Bloomberg. Venturo, the chief strategy officer, accounts for more than $1.1 billion of those sales.<\/p>\n<p>The sales were executed under pre-arranged 10b5-1 trading plans, and the founders retain sizable stakes, with Intrator still the largest individual shareholder at 10.4% of outstanding shares. CoreWeave\u2019s stock has roughly doubled from its $40 IPO price, giving the company a market capitalisation of about $54 billion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Nasdaq-100_inclusion_means\"><\/span>What Nasdaq-100 inclusion means<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Index inclusion forces passive funds that track the\u00a0Nasdaq-100\u00a0to buy CoreWeave shares, creating a mechanical demand boost. The stock rose roughly 5% in premarket trading after the announcement.<\/p>\n<p>The broader signal is that Wall Street now treats GPU cloud infrastructure as a core sector of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> economy, not a speculative bet. Three of the five companies joining the index this quarter, CoreWeave, Nebius, and Astera Labs, are AI infrastructure plays.<\/p>\n<p>Whether the $99 billion backlog converts to sustained profit is another question. CoreWeave is burning cash, carrying $25 billion in debt, and operating at a 1% adjusted operating margin.<\/p>\n<p>The Nasdaq-100 badge validates the growth story. The balance sheet still has to deliver on it.<\/p>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" target=\"_blank\" >Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/coreweave-nasdaq-100-index-ipo-ai-cloud\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR CoreWeave will join the Nasdaq-100 on 22 June 2026, just 15 months after its IPO. The GPU cloud provider, which started as a crypto mining operation, reported $2.1 billion in Q1 revenue but carries nearly $25 billion in debt. Its founders have sold $2.3 billion in stock since the lockup expired. CoreWeave, the AI&#8230;<\/p>\n","protected":false},"author":1,"featured_media":733324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/media.thenextweb.com\/2026\/06\/coreweave-nasdaq-100-index-ipo-ai-cloud.avif","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-733323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/733323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=733323"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/733323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/733324"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=733323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=733323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=733323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}