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NVDA
The AI buffet is still empty
CoreWeave’s latest message is basically: we’re building the kitchen as fast as we can, but everyone keeps showing up with bigger appetites. Demand is still running ahead of supply even after the company boosted investment in capacity.
For Nvidia investors, that’s not just a cute industry anecdote. CoreWeave is one of the loudest real-world signals that the AI infrastructure trade still has legs. If customers keep clamoring for compute, somebody has to sell them the picks-and-shovels — and Nvidia is still the pickiest of those picks-and-shovels vendors.
Why you should care
- More AI demand usually means more GPU demand.
- Capacity crunches can support pricing power across the ecosystem.
- It also helps keep the “AI slowdown” skeptics on the bench for another day.
Big picture
This isn’t a direct earnings beat or a new contract announcement, so don’t go treating it like Nvidia just dropped a bombshell. But as a read-through, it’s the sort of news that keeps the Nvidia bull case warm: the AI capex machine is still humming, and the buffet line is apparently still out the door.