CoreWeave CEO: Older generations of GPUs will have a longer useful life than anticipated

CoreWeave CEO Michael Intrator highlights a significant market inflection point as the company scales its infrastructure to a 1.5-gigawatt installed base. A critical shift in the AI hardware landscape is the extended utility of older GPU generations; specifically, 2020-vintage NVIDIA chips are now being contracted through 2029 at premium prices, debunking previous depreciation concerns. This longevity is driven by the synergy between NVIDIA’s CUDA platform and CoreWeave’s specialized cloud software. Demand remains aggressive, evidenced by the company securing over $25 billion in new contracts within just five weeks—a figure matching its entire backlog from the previous year. These deals, spanning enterprise clients, foundation labs, and AI natives, are yielding 5% to 10% higher operating margins, signaling long-term business sustainability and a robust affirmation of the NVIDIA-backed financing model for specialized compute providers.