CoreWeave Trending: A New AI Customer and UBS' Contrarian $120 Call

CoreWeave Inc. (NASDAQ: CRWV ) is trending Thursday after the company announced a new multi-year customer agreement. UBS initiated coverage of the stock on Wednesday with a Buy rating . CoreWeave stock is trading flat.

CoreWeave announced that Harell Data will deploy its platform on CoreWeave Cloud to run training, fine-tuning and inference workloads for proprietary biotech datasets. The Harell Data platform is designed to bring AI models to the data rather than moving datasets to models, allowing training runs to execute on NVIDIA A100 and Hopper GPUs within CoreWeave’s infrastructure without the underlying data ever leaving the platform. Compute is metered per training run, letting data owners earn a revenue share on eac...