CoreWeave looks to Wall Street to hedge memory chips, an asset with no market

CoreWeave, an AI cloud company, is considering financial derivatives to hedge against potential future declines in memory and storage chip prices, which have recently surged significantly. The company faces exposure due to long-term supply agreements with chip manufacturers that include price floors, protecting suppliers but potentially leading to overpayment if prices drop. This situation arises amid a volatile memory chip market where prices have nearly doubled this year, impacting data center