# Old GPUs still rent. That's not the whole CoreWeave story

> A rental benchmark says NVIDIA's aging chips still earn money, but earning rent and earning a return are two different things.
- Title: Old GPUs still rent. That's not the whole CoreWeave story
- Summary: A rental benchmark says NVIDIA's aging chips still earn money, but earning rent and earning a return are two different things. Useful hardware is only step…
- Keywords: nvidia, coreweave, gpus, ai infrastructure, investing, business, finance, Old, still, rent, That's, whole
- Source: Yahoo Finance — https://finance.yahoo.com/markets/stocks/articles/nvidia-older-gpus-still-earn-140210350.html
- Published: 2026-09-13T14:02:10+00:00
- Read time: 1 min
- Topics: nvidia, coreweave, gpus, ai infrastructure, investing, business, finance
## Old chips still pay
NVIDIA's pitch against fast obsolescence is simple: buyers keep renting the older stuff. The harder question is how much of that rent turns into an actual return.

> older accelerators still command rental prices
## The September numbers
A transaction-based rental benchmark settled September 7 with the H100 SXM at $3.17 per GPU-hour and the older A100 SXM4 at $1.05. Market prices, not CoreWeave's own.
## Long life cuts both ways
A longer revenue life makes the original purchase easier to justify. It also lets customers who can run tasks on older gear put off buying new ones.

> NVIDIA still needs new systems to offer advantages worth paying for
## Rent has to cover a lot
CoreWeave lives on utilization. Keeping accelerators busy stretches the earning window, but that income still has to cover power, facilities, operations, financing and the hardware.
## Q2 shows the gap
Second-quarter revenue hit $2.575 billion with adjusted EBITDA of $1.510 billion. The company still posted a $626 million net loss against $640 million of net interest expense.

> Contract terms, utilization, operating costs and financing can produce different results for two owners of the same GPU.
## The shorts disagree
On August 14, short interest was 1.23% of NVIDIA's float versus 16.92% of CoreWeave's. That gap measures positioning, not which investment case is right.

> durability is only an input
## Key takeaway

Useful hardware is only step one. For CoreWeave, the question is whether rent clears power, operations and a mountain of interest.