CoreWeave Deepens Wall Street Push With Surprise HRT Expansion

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TLDRCoreWeave signed a multibillion-dollar, multiyear deal with Hudson River Trading.Hudson River Trading will access Nvidia Vera Rubin and B200 systems through CoreWeave.The agreement expands a partnership that first began in March 2026.CoreWeave is increasing its exposure to financial-services customers beyond major technology clients.Jane Street, Flow Traders, and IMC are also among CoreWeave’s financial-sector customers.CoreWeave has signed a multibillion-dollar, multiyear agreement with Hudson River Trading, expanding its presence in financial services. The deal gives the trading firm access to Nvidia’s Vera Rubin and B200 systems as demand for advanced AI computing rises across Wall Street.The agreement builds on a partnership that began in March. CoreWeave Chief Revenue Officer Jon Jones called the deal a material expansion, although the companies did not disclose full financial terms.CoreWeave Deepens Financial Services PushHudson River Trading plans to use CoreWeave’s infrastructure to build, test, and improve trading research models. The firm will also gain early large-scale access to Nvidia’s latest Vera Rubin systems.Hudson River Trading research head Kevin Lee said more computing power allows researchers to test more ideas. He also pointed to CoreWeave’s ability to deliver systems on schedule and run Nvidia hardware efficiently.CoreWeave has added other trading firms, including Flow Traders and IMC, as financial companies increase spending on AI systems. Jane Street also agreed to spend $6 billion on CoreWeave data center capacity and invested another $1 billion in the company.Hudson River Trading has strong financial resources to support that spending. The firm generated $11.4 billion in second-quarter trading revenue and $7.4 billion in profit, according to Bloomberg.New Nvidia Chips Support Pricing PowerCoreWeave said it became the first AI cloud provider to validate Nvidia’s Vera Rubin NVL72 platform. The company also raised prices by about 25% in July as demand for newer systems remained strong.Hudson River Trading will also use Nvidia B200 chips, which rent for about $6.87 per hour, according to Ornnindex. CoreWeave ended the second quarter with about 3.7 gigawatts of contracted power capacity to support future data center growth.CoreWeave has reduced its dependence on its largest customer. That customer represented 36% of second-quarter sales, down from 71% a year earlier.Its top three customers still accounted for about 72% of revenue. CoreWeave shares fell about 1.4% in pre-market trading Thursday after closing Wednesday at $90.87, down 2.47%.CoreWeave, Inc. Class A Common Stock, CRWVAnalysts hold a Moderate Buy consensus on the stock. Their average price target stands at $138.94, which is about 53% above the latest closing price. Investors will watch how quickly large financial-services contracts turn into revenue as CoreWeave funds new capacity.The post CoreWeave Deepens Wall Street Push With Surprise HRT Expansion appeared first on Blockonomi.