H100 rental prices up 58% in a year to $3.10/hour, defying GPU depreciation expectations
VishalG · x · 2026-11-14
Michael Dell points out that the Nvidia H100, despite shipping since 2022 and supposedly nearing obsolescence, has seen rental rates climb from $1.96/hour a year ago to $3.10/hour today — a 58% increase.
The attached Bloomberg chart of the SDH100RT index shows the steady climb since November 2025. The data contradicts the common assumption that GPUs depreciate quickly, and suggests AI compute demand still far outstrips supply, keeping even previous-gen flagship cards fully utilized and profitable.
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