CoreWeave keeps 2020-era Nvidia GPUs profitable, signs A100 deals to 2029

CoreWeave reported $2.58 billion in quarterly revenue, up 112% year over year, and says its Nvidia A100 GPUs deployed in 2020 remain profitable nine years later. The company has signed A100 contracts extending into 2029.

Why it matters: This complicates the narrative that AI GPUs depreciate quickly and become obsolete once newer chips ship; power and infrastructure constraints appear to be keeping demand for older hardware alive far longer than expected. That has real implications for how investors and lenders should model GPU useful life and cloud providers' balance sheets.