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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Reflecting the high expectations surrounding AI infrastructure, cloud computing leaders CoreWeave and Nebius officially joined the NASDAQ 100 index. However, CoreWeave stock dropped 5% to $112 during its official debut as a member of the prestigious index. Nebius shares also experienced a dip as the market reacted to the inclusion, a move analysts describe as a typical 'sell the news' event following months of optimism regarding the companies' backlogs.
This pullback follows a significant rally in AI-related equities as firms compete for dominance alongside giants like Nvidia and Microsoft. Per market data, CRWV closed at $117.95 on June 18, 2026, while NBIS stood at $286.69 on the same date. Market experts note that index inclusion often triggers institutional rebalancing, which can lead to short-term price volatility despite the long-term growth narrative surrounding AI cloud providers.
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Sign InLooking ahead, traders are watching support levels for CRWV after it hit a low of $114.13 (at close June 18, 2026). On the macro front, tech sentiment may be influenced by upcoming U.S. Retail Sales data, which could provide insights into broader consumer spending and digital service demand. The key catalyst for these new index members will be their ability to translate AI demand into consistent earnings growth in the coming quarters.