H100 GPU spot price has dropped to $2.42 per hour, down 40% from the May peak. According to SemiAnalysis, the spot price of H100 cloud GPUs has fallen to $2.42 per hour, down about 40% from the May peak. This decline has sparked concerns within the ecosystem about weak computing demand and a potential pullback in AI investment. However, SemiAnalysis notes that this reflects spot market prices, not long-term contracts. The company’s cloud survey shows that the one-year H100 contract price has actually risen from about $1.70 per hour at the end of the year to about $2.65, indicating a divergence between spot pricing and term pricing.

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H100 GPU Spot Prices Drop to $2.42/Hour, Down 40% From May Peak
According to SemiAnalysis, H100 cloud GPU spot prices have fallen to $2.42 per hour, down approximately 40% from May peaks. The decline has raised concerns within the ecosystem about weakening compute demand and potential pullback in artificial intelligence investment. However, SemiAnalysis notes th
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ExitLiquidityCupid
· 06-26 19:09
40% sounds scary, but compared to the A100's halving after the crypto mining boom back then, the H100 is still holding up.
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BridgeAnxiety
· 06-26 18:50
2.42 is the bare metal price or including the IB network? The price difference can be as much as 30%.
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LiquidityLibrarian
· 06-26 18:41
Spot prices are down while futures are up, indicating that large institutions are locking in long-term computing power, and retail investors have been left behind.
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ReflectionsOnTheStreetAfterThe
· 06-26 17:52
Those who wait will never be slaves, but training windows wait for no one. I'll take this price.
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WhaleTailWitness
· 06-26 17:01
Long-term contracts are actually increasing in price; institutions are voting with real money for the AGI narrative.
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