CoreWeave (CRWV) Stock: Plunge as Hudson River Trading Signs Multibillion AI Deal

TLDR

• CoreWeave stock drops 1.74% despite a multibillion-dollar AI deal with HRT.

• Hudson River Trading gains wide access to Nvidia Vera Rubin and B200 chips.

• The HRT deal strengthens CoreWeave’s push into financial services and trading.

• HRT will use CoreWeave infrastructure to build and test new trading models.

• CoreWeave continues reducing customer concentration through major new deals.

CoreWeave (CRWV) shares fell 1.74% to $89.29 as Hudson River Trading expanded its multibillion-dollar AI computing agreement. The stock briefly traded above $92.50 before reversing lower during Thursday’s session. Meanwhile, the agreement strengthens CoreWeave’s growing position across financial services and quantitative trading.

CoreWeave, Inc. Class A Common Stock, CRWV

CoreWeave Expands Hudson River Trading Partnership

CoreWeave secured a multiyear agreement with Hudson River Trading covering advanced computing infrastructure for quantitative research. The deal expands a partnership that began when HRT became a CoreWeave customer in March. Under the agreement, HRT will develop and test new trading models using CoreWeave’s AI cloud infrastructure.

… Continue reading the full article at the original source below.