Cloud Computing Stocks Rally with CoreWeave's Nasdaq 100 Inclusion Boost
Cloud computing stocks experienced a premarket rally with Nebius surging over 5%, CoreWeave climbing more than 4%, IREN advancing over 3%, and Hut 8 and HPE gaining over 2%. CoreWeave specifically rose 3.57% in pre-market trading, driven by the imminent inclusion in the Nasdaq 100 Index, which is expected to increase passive fund demand.