H100 rental price up 22% in a month to $3.28/hr, vindicating NVIDIA's depreciation call

iScienceLuvr · x · 2026-09-08

The H100, a three-year-old training chip, saw its rental price rise 22% in a month to $3.28/hour — the market is paying a premium for old chips that every depreciation schedule assumes only lose value.

This retroactively vindicates NVIDIA: last year's earnings report extended GPU depreciation timelines and drew accusations of misleading accounting. The rental market suggests NVIDIA's call was right.

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