Nebius, AI and space: five new companies will join the Nasdaq-100. Is it too late to buy them?

Shares of five companies will join the Nasdaq-100 index on June 22: Nebius, CoreWeave, Rocket Lab, Astera Labs and Teradyne, the exchange said. They will replace mobile operator Charter Communications, software developer Cognizant Technology, biotech Insmed, analytics company Verisk Analytics and cybersecurity solutions provider Zscaler. The Nasdaq-100 brings together the 100 largest non-financial companies traded on the Nasdaq exchange.

Is it worth buying shares of the companies included in the index? We have collected analysts' recommendations.

Nebius is a company founded by billionaire Arkady Volozh that develops infrastructure for AI: it deals with data centers, cloud computing, and services for training and running AI models. Most analysts advise buying the company's stock: Nebius securities have ten Buy ratings, six Hold ratings, and one analyst has assigned a Sell rating (advice to sell), according to MarketWatch. Nebius securities were up almost 10% at the moment in trading on June 12

CoreWeave is Nebius' rival: it too is a cloud infrastructure operator for AI, providing computing power powered by Nvidia GPUs. The company has been one of the main beneficiaries of the generative AI boom: its shares have more than doubled since its IPO in March. CoreWeave shares were up 10.2% in trading on June 12. Wall Street is generally positive on the company's prospects: Coreweave shares have 23 buy recommendations, 13 tips to keep in the portfolio, and only two opinions that it is better to sell.

Rocket Lab is one of the leading private space companies in the United States. In addition to Electron rocket launches, it has production of satellites and components for the space industry. The Wall Street consensus remains positive, with 15 of 20 analysts recommending buying the stock, four more advising holding, and one thinking it's better to sell, according to MarketWatch. Following the news of the inclusion in the index, the securities were up nearly 3%, but SpaceX lost all of its gains and was down 10% after the start of trading.

Astera Labs is a developer of high-speed data transfer solutions between chips, servers, and AI gas pedals. The company is considered one of the beneficiaries of growth in the data center and artificial intelligence market. Of the 26 analysts tracking Astera stock, 17 of them give the stock a Buy or Overweight rating, indicating a buy recommendation. Eight analysts have a neutral stance with a Hold rating, while another advises selling with an Underweight rating (below market), MarketWatch writes. The securities were up 6.4% in trading on June 12.

Teradyne is a manufacturer of semiconductor test equipment and industrial automation equipment, including the robotics sector. Analyst sentiment, according to MarketWatch, is moderately positive, with 13 analysts giving buy recommendations, six more advising to hold Teradyne in their portfolios, and two recommending selling the stock with Underweight ratings. Following the Nasdaq announcement, the company's shares were up about 7% during trading on June 12.

This article was AI-translated and verified by a human editor