CoreWeave stock is 14% below its May 6 high even after a 24% jump since Nasdaq announced its Nasdaq-100 addition on June 11. The stock was down 0.1% in overnight trading ahead of Monday, when it and Nebius Group were set to begin trading in the index.
CoreWeave stock and Nasdaq-100 buying
23 of 36 analysts rate CoreWeave Buy or higher, with 11 of 36 at Hold and 2 of 36 at Sell or lower. Their average price target is $140.18, which implies nearly 20% upside to Thursday's close, giving index buyers and active traders a second reference point beyond the stock's recent run.
9 of 16 analysts rate Nebius Group Buy or higher, with 6 of 16 at Hold and 1 of 16 at Sell. Nebius Group's average price target is $244.07, 15% lower than its last close, even as the shares have gained 240% in 2026 and rose 34% after the June 11 announcement.
Leopold Aschenbrenner and Nebius Group
Leopold Aschenbrenner, the AI hedge fund manager behind Situational Awareness, disclosed a 5.6% stake in Nebius Group last month. That puts a named investor with a large position into the same stock that is now moving into the Nasdaq-100, alongside the index-related buying that typically follows an addition.
Nebius Group also was up 0.3% in overnight trading ahead of Monday, while CoreWeave was down 0.1%. Stocktwits sentiment was bullish for both NBIS and CRWV, with message volume up 22% for Nebius Group and down 9% for CoreWeave.
Nebius Group, CoreWeave, and the Nasdaq-100
On Monday, Nebius Group and CoreWeave were set to trade in the Nasdaq-100 alongside Astera Labs, Rocket Lab Corporation, and Teradyne, while Charter Communications, Cognizant, Insmed Incorporated, Verisk Analytics, and Zscaler were dropped. For readers tracking the names through index funds and ETFs, the immediate question is how much forced buying flows into NBIS and CRWV once the new index membership takes effect.
