Burak Finance
Head of Analytics, Growth Investor, PLTR/NBIS/RKLB
Nebius, Rocket Lab, CoreWeave, Astera Labs and Teradyne join the Nasdaq-100 on June 22, bringing passive inflows from QQQ and higher institutional visibility. The additions put AI infrastructure leaders and the premier commercial space company in the full institutional spotlight. x.comÂ
Joining the Nasdaq-100 turns every ETF and passive fund tracking the index into a forced buyer of Nebius, Rocket Lab, CoreWeave, Teradyne and Astera Labs. They buy at any price, without due diligence or waiting for a pullback, because the rulebook says so. Nebius, Rocket Lab and CoreWeave rose overnight before a single index fund had bought. The additions span AI compute, space, neoclouds, chip testing and connectivity, an entire new economy that was not investable at scale five years ago. x.comÂ
Nebius, CoreWeave, Rocket Lab and Astera Labs join the Nasdaq-100, forcing passive funds that track it to buy them regardless of market conditions. The index underlies more than 200 products managing over $800 billion, and inclusion also brings validation, analyst coverage and institutional attention. CoreWeave and Nebius are among the fastest-growing AI infrastructure firms, Astera Labs makes connectivity silicon for AI clusters, and Rocket Lab is the closest public pure-play launch challenger. … Show more
CoreWeave, IREN, Nebius and TeraWulf will sell shares as fast as they can when their stocks get pumped back up, adding issuer supply to rebounds. x.comÂ
Nebius, Rocket Lab, CoreWeave and Astera Labs joining the Nasdaq-100 is a big deal because it brings significant forced buying from index funds. The stocks had become very dislocated to the downside before the news, CoreWeave especially so. x.comÂ
Investors rotating into cheaper stocks with more upside should ultimately benefit Rocket Lab and AST SpaceMobile. Both have already suffered major drawdowns. x.comÂ
Nebius can fall with neocloud peers because the market prices sector risk rather than each company's quality. Nebius and SPCX are better companies than 99% of the others, yet Nebius would not be immune to a WOLF or CoreWeave default; some weaker names may never recover. x.comÂ
Nebius is back at new all-time highs and breaking through Fibonacci levels after being added to the Nasdaq-100, alongside CoreWeave, Rocket Lab, Teradyne and Astera Labs. x.comÂ
Nebius could be one of the few neoclouds to survive and thrive in a shakeout because it can finance expansion while weaker rivals struggle. Its new $3.5B Citi facility bolsters capital access; Nebius says prepayments on roughly 70% of Q2 deals covered 50-60% of related capex. Its integrated cloud and NVIDIA collaboration strengthen its platform; Palantir may bring enterprise demand but has yet to yield revenue. The Citi facility matures in 364 days; delivery and returns remain risks. x.comÂ
Higher financing and build costs squeeze short-term returns for neoclouds. Iran-linked fuel inflation raises Fed hike risk; even better projects may borrow in the low 7s, while weaker ones risk dilution or delays. CoreWeave, IREN, Nebius, New Era Energy & Digital and WhiteFiber need higher contract dollars per MW to offset costs. Funded projects with strong customers and liquidity fare better, but almost none can fund the next phase without easier markets. No need to panic. x.com x.comÂ
Neoclouds can reprice higher only if financing constraints halt smaller rivals' buildouts, leaving CoreWeave and Nebius as survivors. CoreWeave CDS has seen its highs and its debt has repriced upward; a business that might fail in four years is different from one that must fail now. Ant's S-1 confirms that serving inference is extremely profitable. x.comÂ
