CoreWeave and Nebius face Nasdaq-100 test as AI rally cools
Nebius Group and CoreWeave made their Nasdaq-100 debut Monday. CoreWeave was down $10.05, trading at $107.90 just before 1 p.m. EDT. Nebius also traded lower, dropping to $280.41 after closing at $286.69. Early trading didn’t deliver much excitement for either new listing as buyers seemed cautious after the recent run for AI-cloud names. Nasdaq says over 200 products worldwide track the Nasdaq-100, holding more than $800 billion. The changes force ETFs and passive funds tied to the index to shift holdings to stay in line, not make new picks.