BofA: AI GPUs run near 100% utilization, rental rates up 12%-37% YTD — not dotcom glut
McDonaghMatthew · x · 2026-10-18
Bank of America pushes back on the dotcom comparison: unlike the idle fiber of 2000, deployed AI infrastructure runs near 100% utilization. Rental rates for even older GPUs — A100/H100/B200 (launched 2020/2022/2024) — are up 12%-37% year-to-date, which BofA reads as a sign of scarcity, not glut. Tickers cited: $NVDA, $AMD, $NBIS, $GOOGL, $MSFT, $META, $AMZN.
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