technologyScore 65/100Add to thesis
CoreWeave: 2020-vintage GPUs contracted out to 2029 at full price — GPU depreciation debate effectively over
“We contracted a 2020 vintage architecture all the way out to 2029 at full freight. And that's just an amazing commentary on the demand in the market for compute.”
Why it matters
First-party evidence that older NVIDIA GPU generations retain premium pricing for ~9 years, directly undermining the bear thesis on GPU depreciation and residual value that has weighed on CoreWeave and neocloud valuations.
Investment implication
Bullish for CRWV economics (longer asset life, higher contribution margins) and supportive of NVIDIA's $500B financing platform by validating GPU residual values that underpin collateralized lending.