Intrator said CoreWeave's contracts run five years, its A100s stay fully booked, and a batch of H100s coming off contract was re-leased at 95% of the original price.
Mixed Partly true and partly false in roughly equal measure.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
What would count as true or false
This is a claim about what CoreWeave CEO Michael Intrator said. True: a primary record from before 2026-07-09 (earnings call transcript, interview or public post) shows Intrator saying all three things: CoreWeave's contracts run about five years, its A100s stay fully booked, and a batch of H100s coming off contract was re-leased at about 95% of the original price. Mostly true: all three statements are documented, with a minor difference such as 'roughly 95%' or contracts described as 'up to' five years. Mixed: only one or two of the three statements can be attributed to him. Mostly false: he made related statements but with materially different figures, for example a much lower re-lease price or much shorter contracts. False: the record shows he did not make these statements, or contradicts them.
Set before the research began.
Evidence (2)
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E1 Short Seller Who Predicted Enron’s Collapse Joins Michael Burry In Sounding AI Alarm — Flags Cracks In CoreWeave’s Balance Sheet Stocktwits · 12 November 2025
“On Tuesday, Chanos referred to Intrator’s comments on the third-quarter earnings call, specifically about customers receiving a renewal within 5% of the original contract price when the Nvidia H100 clusters come off contract.”
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E2 Short Seller Who Predicted Enron’s Collapse Joins Michael Burry In Sounding AI Alarm — Flags Cracks In CoreWeave’s Balance Sheet Stocktwits · 12 November 2025
“When CoreWeave CEO Michael Intrator was asked by Jim Cramer about “rapid asset obsolescence” during an interview, he stated that his customers were willing to rent GPUs for 6 or 7 years.”
Reasoning
E1, an independent news report, says that on CoreWeave's Q3 earnings call Intrator described H100 clusters coming off contract and being renewed within 5% of the original price. That matches the claim's figure of about 95%, though the report passes it on through Jim Chanos rather than quoting Intrator directly. E2 reports that Intrator said customers were willing to rent GPUs for 6 or 7 years. That is about how long the GPUs stay useful and does not confirm a five-year contract term. None of the evidence covers A100s staying fully booked, so only one of the three statements can be attributed to him, which fits the criteria for mixed.
Cite this claim
Michael Burry, “Intrator said CoreWeave's contracts run five years, its A100s stay fully booked, and a batch of H100s coming off contract was re-leased at 95% of the original price.” (said 9 July 2026). Verdict: mixed. Reliability API, claim c_adec648c2119, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_adec648c2119
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Michael Burry
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Mixed
“This caused additional expense across 9 months of $677 million.”
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Mostly true
“During the same quarter, Meta (META) extended its useful server lives to 5.5 years, reducing the depreciation hit to net income by $2.9 billion.”
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Mostly true
“Intrator’s consistent message is that Nvidia’s chips get rented out on successive contracts so the idea depreciation schedules should be less than 5 or 6 years is ignorant.”
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Resolved true
“He told Jim Cramer his customers are willing to rent GPUs for six to seven years”
Intrator told Jim Cramer that his customers are willing to rent GPUs for six to seven years.
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Resolved true
“The biggest buyer and the biggest seller of these chips both admitted, pointedly, that the frontier moves faster than the depreciation schedules used by the big hyperscalers and neo-clouds.”
Verdicts are made automatically; how verdicts are made.