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Benzinga
Benzinga
Business
Surbhi Jain

CoreWeave Is Making Old Nvidia Chips Look New Again

CoreWeave's Market Divide

Wall Street’s AI conversation has become fixated on Nvidia Corp‘s (NASDAQ:NVDA) newest chips. CoreWeave, Inc. (NASDAQ:CRWV), however, used its second quarter earnings call to make a different point: older GPUs may have far more earning power than investors think.

The cloud infrastructure provider revealed it recently signed a customer contract for Nvidia’s A100 GPUs that extends through 2029—nearly a decade after the chip debuted.

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