CoreWeave is Joining the Nasdaq-100. Is the Stock a Buy?

CoreWeave joins the Nasdaq-100 on June 22, 2026, following a 194% rally since its IPO over a year ago. The AI infrastructure provider, which supplies GPU compute access, has delivered triple-digit revenue growth and holds a $100 billion contracted order backlog.

The index inclusion provides near-term technical support as passive funds tracking the Nasdaq-100 will be forced buyers. CoreWeave's partnership with Nvidia anchors its hardware strategy, while the company has been expanding its customer base beyond early adopters. The Motley Fool frames the stock as a long-term growth play rather than a pure index-inclusion trade.

Risk factors remain material. CoreWeave operates with high leverage and depends on debt financing to fund its capital-intensive infrastructure buildout. The $100 billion backlog represents contracted commitments, but execution and margin delivery will determine whether the stock can justify its post-IPO gains.