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There has been a lot of FUD recently about GPU rental prices.
The first thing is Figure 1: the current spot rental price of NVIDIA H100 has dropped from 4 to around 2.5.
At the time, based on Semi Analysis data, the long-term contract price for H100 was going up (Figure 2).
Semi believes that spot rental prices reflect short-term demand, while long-term contract prices reflect stable long-term demand—long-term contracts rising and spot prices falling means the demand is shifting from short-term to long-term.
In addition, there is also new news today (Figure 3): Amazon AWS has increased its GPU rental prices across the board by 20%.
GPU demand has continued to grow and has not slowed down.