Why the $500B+ $NVIDIA(NVDA)$ x $SK hynix(SKHY)$ deal is a real game-changer for CRWV.
To me, the biggest bear case on CoreWeave was never about demand. It was the hardware supply bottleneck, specifically HBM4 memory shortages for the next-gen NVL72 Vera Rubin chips.
Nvidia just locked in a massive long-term HBM4 memory supply deal with SK Hynix and is building a 2GW AI factory. That changes the supply picture materially.
What I think it means for $CoreWeave, Inc.(CRWV)$ : no more supply bottleneck. CoreWeave is Nvidia's top preferred AI Neocloud partner. Guaranteed HBM4 supply from Nvidia effectively means guaranteed hardware delivery, which means zero delays converting that $99B+ backlog into actual revenue.
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