CoreWeave Lands Multi-Year AI Cloud Deal With Quant Giant Hudson River Trading
CRWV sits 48% above its 52-week low of $60.55.
Summary
CoreWeave signed a multi-year agreement to power Hudson River Trading's AI research and model development on its cloud platform, including Nvidia's Vera Rubin systems with Spectrum-X networking. Financial terms were not disclosed. This is a notable win in the financial services vertical, adding a sophisticated quant trading client to CoreWeave's roster. The deal follows CoreWeave's Q2 report showing $2.58B revenue and a $104B backlog, reinforcing demand for its AI infrastructure. Watch for further financial services customer announcements as CoreWeave executes its platform strategy.
At the time of this announcement, CRWV was trading at $89.68 on NASDAQ in the Technology sector, with a market capitalization of approximately $50.1B. The 52-week trading range was $60.55 to $153.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.