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00:02CoreWeave CEO Michael Intrator said the company could generate nearly $10 billion in additional
00:09annualized revenue by renewing contracts for older NVIDIA GPUs without additional hardware
00:14capital expenditure. In the company's third quarter earnings call on Tuesday, Intrator said
00:20that more than 300,000 GPUs will become available for new contracts through 2028.
00:25Rental prices for NVIDIA's older Ampere and Hopper GPUs rose 30% to 50% in the third quarter,
00:33exceeding their original contract rates. Intrator said renewals in 2027 could generate nearly $4
00:40billion in additional annualized revenue, rising to nearly $10 billion with 2028 renewals.
00:47The potential revenue is not included in CoreWeave's existing contracted backlog.
00:51CoreWeave reported third quarter revenue of $3.66 billion, up 168% year over year,
01:00and raised its 2026 revenue forecast to $13 billion to $13.3 billion.
01:07For all things money, visit benzinga.com.
01:10life and pay for whatever voltage patreon So much more than $17 billion coming until
01:10Well, eventually you note the $37 million off that transaction will be approved for
