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

Watch on YouTube ↗  |  August 12, 2026 at 15:19  |  5:51  |  CNBC
Speakers
Mike Intrator — CEO, CoreWeave

Summary

CoreWeave CEO Mike Intrator discusses Q2 earnings, highlighting accelerating AI infrastructure demand, 500MW of new power, a 1.5 gigawatt installed base, and more than $25 billion in contracts signed in five weeks. He argues older-generation GPUs will have longer useful lives and stronger pricing than expected, with 2020-vintage NVIDIA architecture contracted out to 2029. NVIDIA GPU/CUDA and CoreWeave software are framed as creating premium AI compute value.

  • CoreWeave revenue doubled in Q2 on accelerating AI infrastructure demand.
  • The company brought online 500MW of power, bringing installed base to 1.5 gigawatts.
  • CoreWeave contracted more than $25 billion in new AI compute contracts in five weeks after quarter close.
  • CEO says older-generation GPUs will have longer useful life and contract at higher prices.
  • 2020-vintage NVIDIA architecture was contracted out to 2029 at full freight.
  • Demand mix includes enterprise, foundation labs, AI natives, industrials, and financials.
  • Contribution and operating margins are expected to improve on new deals.
Ideas
Mike Intrator CEO, CoreWeave 1:14
CoreWeave's scale and margins are inflecting.
CoreWeave is scaling into a massive AI infrastructure supplier: it brought on 500MW of power, now has a 1.5 gigawatt installed base, enterprise adoption is building, and contribution/operating margins are rising. Since Q2 closed, CoreWeave contracted more than $25 billion in additional deals in five weeks, supporting long-term sustainability of the business model.
CoreWeave HIGH
Mike Intrator CEO, CoreWeave 1:42
Older NVIDIA GPUs retain premium value.
Older-generation NVIDIA GPUs are proving to have a longer useful life than anticipated; they are contracting for longer terms and at higher prices. The NVIDIA GPU and CUDA software create fungibility and premium value, and CoreWeave contracted 2020-vintage NVIDIA architecture out to 2029 at full freight, underscoring durable NVIDIA demand.
NVDA HIGH
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This CNBC video, published August 12, 2026, features Mike Intrator discussing CoreWeave, NVDA. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mike Intrator  · Tickers: CoreWeave, NVDA