Some really interesting numbers on GPU depreciation cycle.
A 6-year-old NVIDIA GPU generation still has customers committing to multi-year capacity.
CoreWeave just signed a multi-year NVIDIA A100 contract. It runs into 2029.
And while NVIDIA introduced the A100 in 2020, means customers committed to that generation roughly 9 years after launch.
CoreWeave also says prior NVIDIA generations are largely sold out.
CoreWeave's 10-K assigns technology equipment a 6-year useful life, after raising the estimate from 5 in 2023 as hardware, software, and data-center design improved.
The company says older GPU fleets can shift into managed inference after initial contracts expire, keeping paid workloads on installed, powered hardware.
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