A specialized cloud that rents out Nvidia GPUs for AI training and inference — close to a pure play on AI compute demand.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 75 | RED (~70–80) |
| Capex-vs-Demand Gap | 60 | AMBER-RED (~55–65) |
| Insider-Selling Intensity | 50 | AMBER (~50) |
| Financing Opacity / Circular Leverage | 91 | RED (~88–95) |
| Energy & Diminishing Returns | 45 | AMBER (~40–50) |
| Organic End-User Demand | 65 | AMBER-RED (~60–70) |
Q. Your GPUs depreciate over 6 years but a new generation comes out every 18–24 months. How is that not an accounting fiction?
A. CoreWeave extended computing equipment useful life from 5 to 6 years effective January 1, 2023. The company's 10-K says this reflects "continuous advancements in hardware performance, software optimization, and data center design improvements." In FY2023, the change reduced expenses by $20M. By FY2025 with $30.6B net PP&E, a 1-year useful-life extension is worth hundreds of millions in annual depr
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Watching: Depreciation integrity, Capex vs demand, Circular financing, Organic demand before the print.
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 50.0/100 from the engine.
Discretionary (no-plan) selling on the recent record: $429,315.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Goldberg Chen | EVP, Product & Enginee | 2026-08-05 | Option exercise | — | 10b5-1 |
| Goldberg Chen | EVP, Product & Enginee | 2026-08-05 | Sale | $1,772,706 | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | Sale | $168,555 | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | Sale | $34,317 | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | Sale | $943,716 | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | Sale | $2,514,441 | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | Sale | $4,120,696 | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | Sale | $5,645,436 | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | Sale | $4,706,534 | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | Sale | $226,097 | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | C | — | 10b5-1 |
| Intrator Michael N | CEO and President | 2026-08-04 | Sale | $90,761 | 10b5-1 |
EDGAR Form 4, parsed structured · last 60 txns · asof 2026-08-08 · refreshes off the Form-4 event class
| Announced cuts (2026) | 0 |
| Date | 2026 |
| Confidence | high |
| Attribution | NOT-AI |
| Driver | riding-the-boom |
| Source | hypergrowth neocloud |
Building, not cutting — the pure compute-supply bet. Contrast within L2.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.