CoreWeave, a cloud infrastructure provider for AI, reports strong earnings with near-full customer cloud utilization and sustained demand for older GPUs like NVIDIA's A100 (launched 2020), with contracts extending to 2029. Despite pricing gains on legacy chips (+25%) due to global GPU shortage, newer architectures like Blackwell deliver better margins. The company is diversifying into high-margin AI model API services (currently $100M+ annually, projected to reach $250M) but carries heavy debt ($640M in Q2 interest alone), reflecting capital-intensive infrastructure requirements.