CoreWeave books older Nvidia GPUs through 2029 at full pricing

CEO Mike Intrator says demand remains strong even for Nvidia hardware first released in 2020.

CoreWeave is booking Nvidia GPUs first released in 2020 through 2029 at full pricing, CEO Mike Intrator said in a CNBC interview.

The contracts indicate that demand for AI computing infrastructure remains strong even for older chips that some investors expected to depreciate rapidly as Nvidia introduced newer hardware.

Long-term bookings for earlier-generation GPUs could help CoreWeave maintain utilization and revenue across its existing fleet while it continues investing in new infrastructure.

The comments come as investors assess whether rapid advances in AI chips will shorten the useful life of data-center equipment. CoreWeave’s booking activity suggests customers still value older GPUs for workloads where availability and cost matter alongside peak performance.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

CoreWeave is booking Nvidia GPUs first released in 2020 through 2029 at full pricing, CEO Mike Intrator said in a CNBC interview.

The contracts indicate that demand for AI computing infrastructure remains strong even for older chips that some investors expected to depreciate rapidly as Nvidia introduced newer hardware.

Long-term bookings for earlier-generation GPUs could help CoreWeave maintain utilization and revenue across its existing fleet while it continues investing in new infrastructure.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.