The on-demand rental price for Nvidia’s B200 graphics processing units rose 1.9% to $6.97 on Nov 10, while the H100 index climbed 1.7% to $3.06. Rental costs for other units remained steady, with the B300 at $7.68, H200 at $3.48 and A100 at $1.59, although all remained near record peaks. Silicon Data indicated that the recent price increases suggest a demand inflection for AI computing capacity.
The price growth follows a shift in the H100 forward curve into contango, a state where 6 month rental contracts are more expensive than 1 month agreements. This reversal is the first of its kind since tracking began at Ornn and has led some traders to challenge claims that there is a compute glut in the artificial intelligence market.
