CoreWeave secures Nvidia A100 GPU rentals through 2029, easing AI hardware depreciation fears

CoreWeave revealed it has signed a rental agreement for Nvidia's A100 graphics processors that will run until 2029, indicating the chips' usefulness extends well beyond the two-to-three-year depreciation window feared by some investors. Chief Financial Officer Nitin Agrawal highlighted the attractive pricing of the contract and noted that the company has largely exhausted its inventory of earlier Nvidia generations. Supporting the company's view, Silicon Data reported that A100 rental prices have remained robust following a notable rebound in 2026.

Industry voices such as Erwan Menard of Crusoe and Lambda's Matt Rowe have previously explained that GPUs can shift to lower-intensity tasks after initial model training, and warranties that typically last five years further prolong fleet life. The discussion comes as Wall Street pours billions into AI infrastructure, with Nvidia recently partnering with firms like Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize over $500 billion. The sustained demand for A100s into 2029 provides a concrete test of the assumption that AI hardware retains value for many years.