CoreWeave to join Nasdaq-100 after rapid AI growth

Matthew Fazelpoor//June 15, 2026//

Gov. Phil Murphy signed legislation into law July 25 establishing the Next New Jersey Program, which aims to attract new investment into the state’s AI industry, providing up to $500 million in tax credits for AI businesses. The signing took place at CoreWeave in Roseland.

Founded in 2017, CoreWeave is a New Jersey-based specialized GPU cloud provider. - PROVIDED BY JAKE HIRSCH/NJ GOVERNOR'S OFFICE

Matthew Fazelpoor//June 15, 2026//

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Livingston-based CoreWeave announced June 12 that it will join the Nasdaq-100 effective before markets open June 22.

The move marks a major milestone for the Jersey-born artificial intelligence infrastructure company that comes just over a year after its initial public offering.

The Nasdaq-100 tracks the 100 largest nonfinancial companies listed on the Nasdaq Stock Market and is among the world’s most widely followed indexes.

Founded in 2017, CoreWeave operates an AI-focused cloud platform used by AI labs, startups and enterprises to develop, train and deploy AI models and applications. The company went public on Nasdaq under the ticker CRWV in March 2025, as NJBIZ previously reported.

Michael Intrator, co-founder, chairman and CEO of CoreWeave - PROVIDED BY COREWEAVE — Intrator

CEO and co-founder Michael Intrator said the inclusion reflects both the company’s rapid growth and the increasing importance of AI in the global economy. It also symbolizes the broader market’s recognition of AI infrastructure as a defining sector of the modern economy.

“We built the cloud purpose-built for AI before many people understood why it would matter,” said Intrator. “This milestone belongs to the team that saw that opportunity early and executed relentlessly to help our customers bring AI to life.”