CoreWeave (CRWV) Stock Hits $117.95 in June 2026 — Nasdaq-100 Addition & Strong Q1 Results

Quick overview

CoreWeave stock maintained its previous strong upward rally and is still showing a good upward trend. However, the reason for its upward trend could be attributed to multiple factors, including strong demand for AI cloud services and record benchmarks for fast AI performance. Furthermore, the company was added to the Nasdaq 100 Index, which has further supported the stock. At the time of writing this article, the stock is trading at $117.95 and is showing an increase of more than 2 percent.

CoreWeave Joins Nasdaq 100 and Grows Stronger

As we mentioned above, CoreWeave company stock has officially been added to the Nasdaq 100 Index today. This was seen as a very important deal for the company because the Nasdaq 100 is a famous list that includes only the top 100 large companies. So, being included in this list will bring many benefits to the company, such as many large funds that follow this index will now automatically buy the stock, which will bring more attention to it.

As a result, this stock will see higher daily trading activity, which will push its price upward. This news is a very good and positive step for CoreWeave because it will further increase the company recognition in the market and also boost demand.

CoreWeave Earnings Grow Fast and Strong Demand

Moreover, the companys good performance is also proven by its first 3 months (Q1) strong earnings report, which shows that the company made 2.08 billion dollars in sales, which is more than double compared to the same time last year. These strong results show that the company business is growing very rapidly because people and large AI companies need its services very much.

Apart from this, the company now has a huge order backlog of almost 100 billion dollars, which means that Meta and other large AI companies have already given the company orders worth that amount of money. This strong backlog also helps the company to grow by securing the company future.

CoreWeave Still Loss But Plans Big Future

Despite the fact that the company is growing very rapidly, it is still in loss. In Quarter 1, it had a loss of 740 million dollars, but the real reason for this is that the company has a very big plan for the future. It is building new data centers and buying powerful equipment, due to which a very large amount of money is being spent. For example, the company is going to spend 31 billion dollars to 35 billion dollars in this year. At this time, the company also has approximately $25 billion in debt.

Despite this rapid growth, the losses and such a large amount of debt are risks for the stock. Investors are concerned that if the company is not able to control its spending, it could face problems in the future. Because of this, the stock price remains volatile. However, due to the strong orders, it is also considered positive in the long term.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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