CoreWeave counters a key bear case on the AI trade. What it means for our data center stocks
AI Summary
CoreWeave reports strong demand for older Nvidia chips amid growing AI investment, supporting the valuation of data center stocks. This highlights robust AI capital expenditure despite challenges in the sector.
CoreWeave is seeing strong demand for six-year-old Nvidia chips, helping justify all the current AI capex.
Markets Real Estate AI & Tech Energy CoreWeave Nvidia chips AI demand data centers capital expenditure