CoreWeave reported strong quarterly results with revenue beating expectations, narrower losses than forecast, and raised its full-year revenue outlook. CoreWeave CEO Mike Intrator said older GPU generations will have longer useful lives than anticipated, with the company signing an A100 contract extending into 2029 at attractive prices. Amazon CEO Andy Jassy revealed servers have a useful life of at least five to six years, with most AI capacity now contracted for at least five-year terms. Nvidia shares rose 3%, Micron jumped 4.9%, and data center infrastructure suppliers like Corning and GE Vernova also gained ground. These developments directly counter the bear case on AI chip technological obsolescence.
Source: Read the original article
