CoreWeave CEO Highlights Continued Demand for Old Chips -- Market Talk
Dow Jones2026/08/12 16:02Don't count out old tech, CoreWeave CEO Michael Intrator tells CNBC in an interview. The combination of Nvidia's chips and CUDA platform with CoreWeave's cloud and software means even old infrastructure can have an extended life at a premium price point, Intrator says, adding that a "vintage" 2020 architecture has been contracted through 2029. "Older generations of GPUs are going to have a longer useful life than anyone anticipated. They are going to contract for a longer term, and they are going to contract at a higher price," Intrator says. "We already are seeing that flow through our platform." The robust compute demand validates the company's business model, Intrator says. Shares are up 19%.(elias.schisgall@wsj.com)
(END) Dow Jones Newswires
August 12, 2026 12:02 ET (16:02 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Atmos Energy forecasts 6%-8% annual EPS, dividend growth through fiscal 2030
Dark Defender: XRP Wave 3 Is On a Ballistic Missile Ramp
ISS targets 2026-28 organic growth above 5% annually, 2028 operating margin 5.5%-6%
ISS targets over 5% annual organic growth through 2028 under new mid-term plan
Crypto prices
More
