CoreWeave co-founder Brannin McBee told a J.P. Morgan conference that older-generation Nvidia GPUs are increasing in value. Hopper and Ampere systems are currently seeing price gains across the board.
Enterprise AI and inference tasks are driving the demand for this older hardware. This trend challenges the typical rapid depreciation seen in semiconductor assets. McBee suggested these AI compute assets may have a longer economic life than expected.
McBee also rejected speculation that customers are diversifying away from Nvidia products. He asserted that market demand remains overwhelmingly centered on Nvidia GPUs. These remarks reinforce the competitive moat of the Nvidia ecosystem.
CoreWeave stock rose more than 2% during trading on May 20.