CoreWeave secures $7B AI chip deal with Jane Street

CoreWeave has landed a $7 billion deal with Jane Street, a quantitative trading firm, for AI chips. On Polymarket, the contract for NVIDIA being the largest company by market cap on June 30 sits at 89.5% YES, up from 85% a week ago.

## Market reaction

The largest company by market cap market has seen incremental gains over the past week. The Jane Street deal signals demand for NVIDIA’s GPU infrastructure from firms outside the typical tech and cloud computing buyers. Traders are pricing that in, with the June 30 contract holding at 89.5% YES.

Daily actual USDC volume is at $24,517. It takes $36,835 to shift the price by five points, which points to concentrated positioning. The largest move in the last 24 hours was a 1-point drop, suggesting stable confidence.

## Why it matters

A quantitative trading firm spending $7 billion on AI chips shows that demand for GPU compute is spreading beyond hyperscalers and AI labs into finance. That kind of broadening buyer base could support NVIDIA’s market cap growth. A YES share is priced at 90¢, paying out 1.11x if NVIDIA tops the market cap ranking by June 30.

## What to watch

NVIDIA’s upcoming earnings announcements and any geopolitical developments affecting semiconductor supply chains are the main catalysts that could confirm or challenge the current odds.

## API access

Get prediction market intelligence as a structured API feed. Early access waitlist.