CoreWeave joins Nasdaq-100 15 months after IPO


TL;DR

CoreWeave will join the Nasdaq-100 on 22 June 2026, just 15 months after its IPO. The GPU cloud provider, which started as a crypto mining operation, reported $2.1 billion in Q1 revenue but carries nearly $25 billion in debt. Its founders have sold $2.3 billion in stock since the lockup expired.

CoreWeave, the AI cloud infrastructure company that began life as a New Jersey cryptocurrency mining operation called Atlantic Crypto, has been selected for inclusion in the Nasdaq-100 Index. The addition takes effect before market open on 22 June, just 15 months after CoreWeave priced its IPO at $40 per share in March 2025.

CoreWeave will join the index alongside Astera Labs, Nebius Group, Rocket Lab, and Teradyne as part of the June quarterly rebalance. Charter Communications, Cognizant, Insmed, Verisk Analytics, and Zscaler are being dropped.

From Ethereum rigs to the Nasdaq-100

CoreWeave’s trajectory is one of the stranger origin stories in enterprise tech. Michael Intrator, Brian Venturo, and Brannin McBee founded Atlantic Crypto in 2017 as a GPU-based Ethereum mining business, operating out of a single data centre in New Jersey.

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When crypto mining margins collapsed, the founders realised the same Nvidia GPUs could serve machine learning, visual effects, and scientific simulation workloads. The company rebranded to CoreWeave in 2021 and rebuilt itself as a GPU cloud provider, eventually becoming Nvidia’s elite cloud partner with preferential access to new chip generations.

The numbers behind the hype

CoreWeave reported $2.1 billion in Q1 2026 revenue, up 112% year on year. It reaffirmed full-year guidance of $12 billion to $13 billion, which would make it the fastest cloud company in history to reach that scale.

The revenue backlog is even more striking. It ended Q1 at $99.4 billion, nearly quadruple the year-ago figure, driven by multibillion-dollar commitments from MetaJane StreetAnthropic, and OpenAI.

But the growth comes at a steep cost. CoreWeave posted a net loss of $740 million in Q1, weighed down by $536 million in interest expense alone.

Total debt stood at nearly $25 billion at quarter’s end, the result of aggressive borrowing to fund data-centre construction.

Concentration risk cuts both ways

Microsoft accounted for roughly 67% of CoreWeave’s 2025 revenue, a figure that dropped to 45% in Q1 2026 as the customer base broadened. The company now counts nine of the ten largest AI model providers as clients, but losing a single anchor tenant would still hit hard.

On the supply side, CoreWeave depends exclusively on Nvidia for its GPU hardware. That relationship is a competitive advantage when chips are scarce, and a single point of failure if Nvidia prioritises other customers or supply chains buckle.

The founders have been selling

CoreWeave’s three co-founders have sold $2.3 billion in stock since the company’s lockup period expired in August 2025, according to Bloomberg. Venturo, the chief strategy officer, accounts for more than $1.1 billion of those sales.

The sales were executed under pre-arranged 10b5-1 trading plans, and the founders retain sizable stakes, with Intrator still the largest individual shareholder at 10.4% of outstanding shares. CoreWeave’s stock has roughly doubled from its $40 IPO price, giving the company a market capitalisation of about $54 billion.

What Nasdaq-100 inclusion means

Index inclusion forces passive funds that track the Nasdaq-100 to buy CoreWeave shares, creating a mechanical demand boost. The stock rose roughly 5% in premarket trading after the announcement.

The broader signal is that Wall Street now treats GPU cloud infrastructure as a core sector of the technology economy, not a speculative bet. Three of the five companies joining the index this quarter, CoreWeave, Nebius, and Astera Labs, are AI infrastructure plays.

Whether the $99 billion backlog converts to sustained profit is another question. CoreWeave is burning cash, carrying $25 billion in debt, and operating at a 1% adjusted operating margin.

The Nasdaq-100 badge validates the growth story. The balance sheet still has to deliver on it.



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macOS has a built-in screenshot tool that gets the basics right. You can take a screenshot, record your screen, and even annotate your captures. But the moment you want something more, like scrolling capture, advanced annotation tools, or a quick way to share your screenshots via a link, it starts to fall apart.

That’s where CleanShot X comes in. It’s a powerful screenshot and screen recording app for Mac that replaces the built-in screenshot tool. It feels as if the developers looked at the screenshot features in macOS and added everything that was missing.

Over the past few years, the app has added several new features I didn’t know I needed until it offered them. It has become one of my favorite Mac utilities, and in this article, I will show you its features that will convince you to buy the app instantly. 

Scrolling capture saves you from stitching screenshots together

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CleanShot X solves this with its scrolling capture feature. I can trigger the scrolling capture, and CleanShot X automatically scrolls through the content and delivers a single image. I don’t even have to manually scroll the page if I don’t want to.

This feature alone saves me hours of time every month. If you have to deal with long screenshots, you should definitely try it out. 

Time delay capture lets you screenshot the impossible

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Sometimes, the on-screen elements appear for a short time, and by the time you hit the screenshot shortcut, they disappear. CleanShot X’s time delay capture gives me a few seconds to set things up before the screenshot is taken. I trigger the capture, put everything in place, and CleanShot X does the rest. 

It’s a small feature that solves a genuinely annoying problem.

Capture text from images with OCR

I love that CleanShot X has a built-in OCR function. It lets me capture text directly from any image or video on my screen. Although it happens rarely, I have come across websites that don’t let me copy content. With CleanShot X’s OCR function, that’s not an issue. 

I use this constantly when reviewing PDF documents with restricted permissions or watching a video on YouTube. It is far faster than typing things out manually, and it works surprisingly well. There are many apps that let you capture text with OCR, but since CleanShot X has this feature built in, I don’t need to install an extra app. 

Add beautiful backgrounds to your screenshots

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For backgrounds, I can choose from solid colors, gradients, or even my current desktop wallpaper. I can also adjust the padding and shadow, align the screenshot to the edges, and adjust the corner radius. It takes a few seconds and makes a huge difference in how professional your screenshots look.

Annotation tools that get the job done

While macOS’s screenshot tool lets you annotate your screenshots, the annotation tools inside CleanShot X are, in my opinion, the best available on the Mac. 

I can add arrows, text labels, shapes, highlights, and more. I can also change the weight and color of annotations. There are also multiple arrow styles I can choose from. I especially like the curved arrow style that lets me curve the arrows and make them pop. 

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Then there’s the “Spotlight” tool that highlights your selection by darkening the rest of the screenshot. It’s perfect for drawing someone’s attention to a specific part of a screenshot. 

No matter what annotation tools you need, you can find them and more in CleanShot X. 

Hide sensitive information before you share

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I can choose to pixelate, blur, or completely black out the information. The best part is that I can also adjust the strength of these effects. It lets me blend in the hidden information so the blur doesn’t stand out from the rest of the screenshot. 

Video and GIF recording built right in

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It can record the entire screen, a specific window, or a custom region. It can also show my mouse clicks and keyboard shortcuts. I can record my computer audio, my microphone, and webcam video. 

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Quick share with cloud links

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Whenever I capture something, it opens a quick share overlay. I can use it to instantly upload my screenshots to CleanShot Cloud and grab a shareable link with a single click.

I no longer have to drag files into cloud storage, attach images to emails, or upload to third-party services. I capture it, click share, and paste the link. It is one of those workflow improvements that sounds minor until you use it every single day.

Capture beautiful screenshots with CleanShot X

CleanShot X has become one of my most dependable apps on Mac. In fact, all the screenshots you see in this article or any of my articles have been captured using CleanShot X. Yes, it’s a paid app, but it has paid its cost multiple times over with the time it has saved me. 

CleanShot X is available as a one-time purchase or through a SetApp subscription. If you want unlimited cloud storage, you have to pay for a monthly subscription. That will also get you advanced features like a custom domain and branding, password-protected link sharing, and more. 

For most users, the one-time purchase is more than enough, and it’s what I use. If you spend any time taking screenshots or recording your screen on a Mac, it is absolutely worth every penny.



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