On July 15, individuals with knowledge of the situation revealed that CoreWeave, an artificial intelligence cloud computing firm, is contemplating the utilization of financial derivatives as a safeguard against the potential future drop in prices of memory and storage chips. This strategic decision highlights the strong interdependence between cloud service providers and the chip market during the AI boom. To guarantee a consistent supply, cloud operators, including CoreWeave, have entered into long-term contracts with chip makers like Micron and SanDisk. Many of these contracts establish minimum prices for DRAM and storage chips for the suppliers. Nevertheless, although this setup shields chip manufacturers from market slumps, it also leaves cloud service companies vulnerable to procurement risks if prices fall, as they might be compelled to keep buying at prices above the prevailing market rate. To tackle this issue, CoreWeave's executives have initiated discussions on how to hedge against the risk of memory chip inventory depreciation. These talks are still in the preliminary phase, and no hedging activities have been carried out so far. Potential hedging strategies include derivatives such as put options.