CoreWeave Inc. (NASDAQ:CRWV) is trending Thursday after a busy stretch that included new partnerships with Hudson River Trading and Rescale.
CoreWeave shares are powering higher. Why are CRWV shares rallying?
The Hudson River Trading Partnership
On Thursday, Aug. 20, CoreWeave announced a multi-year agreement with Hudson River Trading, one of the world’s leading quantitative trading firms. Under the partnership, HRT will use CoreWeave’s AI cloud platform — including NVIDIA Vera Rubin NVL72 and HGX B200 GPU systems with Spectrum-X Ethernet networking — to power the next generation of its AI-driven trading research and model development.
“As we scale our AI and machine learning research, the AI platform we build on matters as much as the models we build,” said Kevin Lee, Head of Research & Development at HRT. “We chose CoreWeave because they understand what it takes to run AI in demanding production environments, and because we’re confident, they’ll scale alongside us as our ambitions do.”
