The concern with CoreWeave’s 250,000 Nvidia chips ahead of its IPO

With 250,000 highly-desired Nvidia graphics processors, CoreWeave has become one of the most prominent "GPU clouds," a status it hopes investors will value when it debuts on the public markets. But the world of artificial intelligence hardware is moving so quickly that it raises questions about how long those chips will remain on the cutting edge and in demand. It's a concern that could impact investor demand for shares of CoreWeave, one of the most anticipated IPOs in years. CoreWeave, which rents out remote access to computers based on Nvidia AI chips, said in a financial filing this month that most of its AI chips are from Nvidia's Hopper generation. Those chips, such as the H100, were state-of-the-art in 2023 and 2024. They were scarce as AI companies bought or rented all the chips they could get in the wake of OpenAI ushering in the generative AI age with the release of ChatGPT in late 2022. But these days, Nvidia CEO Jensen Huang says that his company's Hopper chips are gettin ... Read full article.