CoreWeave, a US-based AI cloud computing company, is exploring derivatives such as put options to hedge against a future drop in memory and storage chip prices, a person familiar with the matter said.

Discussions are still at an early stage, and CoreWeave has not executed a hedge.

The talks follow CoreWeave’s long-term supply agreements with Micron and SanDisk.

The deals guarantee price floors for dynamic random access memory, or DRAM, and storage chips.

They help secure supply for AI infrastructure, but leave CoreWeave at risk of paying above-market prices if chip prices fall.

That view differs from TrendForce’s 2026 forecasts, which raised expected first-quarter 2026 contract price gains to 90%-95% for conventional DRAM and 55%-60% for NAND flash.

Later TrendForce releases said prices would still rise in the third quarter of 2026, though more slowly.

Public market infrastructure mainly offers memory pricing data, not listed DRAM or NAND derivatives.

That suggests any CoreWeave hedge would likely be bespoke rather than traded in a liquid exchange market.

🔗 Source: Reuters

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