These Nvidia-backed firms are set to join the Nasdaq 100 soon. Their stocks are surging - MSN

The inclusion of several tech firms in the Nasdaq 100 index has drawn significant market attention. According to Nasdaq, companies including CoreWeave and Nebius Group, backed by AI chip leader NVIDIA... Read original →

This Nasdaq 100 expansion is not merely a routine rebalancing—it crystallizes the capital market’s bet on AI infrastructure. Technologically, CoreWeave and Nebius joining accelerates adoption of 3nm and EUV nodes in AI clusters, forcing co-evolution in memory interconnects (e.g., Astera Labs’ CXL) and advanced packaging. On compliance, while benefiting from U.S. CHIPS Act subsidies, their heavy reliance on Taiwan, China-based foundries like TSMC exposes them to rising supply chain redundancy costs under U.S.-EU localization mandates. Competitively, AMD and Intel will likely counter with vertically integrated, cloud-optimized alternatives to NVIDIA’s stack, triggering pricing pressure in hyperscaler deals. Over the next 12–24 months, index inclusion will inflate valuations across AI hardware—but only firms with true vertical integration and geoeconomic resilience will retain investor confidence. Rocket Lab’s drop already signals the end of pure narrative-driven rallies.