CoreWeave has signed a multibillion-dollar, multiyear agreement with Hudson River Trading, expanding its footprint in financial services. The deal gives the trading firm access to Nvidia’s Vera Rubin and B200 systems as demand for advanced AI computing continues to rise across Wall Street.

The agreement builds on a partnership that began in March 2026. CoreWeave Chief Revenue Officer Jon Jones described the new contract as a material expansion, although the companies did not disclose the full financial terms. For CoreWeave, which rents out Nvidia-powered data center capacity, the contract extends a broader effort to spread its revenue base beyond a handful of large customers and into sectors that are becoming major consumers of AI computing.

CoreWeave Deepens Financial Services Push

Hudson River Trading plans to use CoreWeave’s infrastructure to build, test, and improve trading research models. The firm will also receive early large-scale access to Nvidia’s latest Vera Rubin systems.

Hudson River Trading research head Kevin Lee said greater computing power enables researchers to test more ideas. He also highlighted CoreWeave’s ability to deliver systems on schedule and operate Nvidia hardware efficiently.

CoreWeave has been adding 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. The run of Wall Street contracts gives CoreWeave an additional demand channel beyond its core AI customers.

Hudson River Trading has the financial resources to support that level of 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 Power

CoreWeave said it became the first AI cloud provider to validate Nvidia’s Vera Rubin NVL72 platform, the rack-scale configuration that links 72 GPUs. The company also raised prices by about 25% in July as demand for newer systems remained strong. Vera Rubin is Nvidia’s next-generation platform following the Blackwell generation that includes the B200, so the agreement spans both current and upcoming Nvidia systems.

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, a gauge of the buildout pipeline standing behind its signed contracts.

CoreWeave has also reduced its dependence on its largest customer. That customer accounted for 36% of second-quarter sales, down from 71% a year earlier. The shift toward a wider customer base has developed alongside its run of financial-services agreements.

Its top three customers still made up about 72% of revenue. CoreWeave shares fell about 1.4% in pre-market trading Thursday after closing Wednesday at $90.87, down 2.47%.

Analysts currently hold a Moderate Buy consensus on the stock. Their average price target is $138.94, about 53% above the latest closing price. Investors will be watching how quickly large financial-services contracts convert into revenue as CoreWeave funds new capacity, and whether customer concentration keeps declining as firms like Hudson River Trading ramp up usage.