Silicon Data(@Silicon_Data):GPU residual value update: - A100 $4,956 (-12.0% YTD) - H100 $20,308 (+3.6% YTD) - B200 $71,057 (14.4% YTD) A month on, the picture has not much changed. A100 ( launched in May 2020) has been roughly flat near $5k since late 2025. H100 and B200 have in fact both appreciated as the rising GPU rental income more than offset time decay! That is not a 2–3 year scrap curve! GPU financiability has increasingly become the central question for the AI buildout: credit, not chips or power, is what stalls smaller builds. Banks still often mark GPU residual to zero after three years of straight-line depreciation. Our estimates are going-concern value or what the GPU should be worth if it keeps running. "Zero after three years" is the wrong prior for that number. A six-year-old A100 still printing ~$5k is the living proof!

2026.09.08 01:27

GPU residual value update: - A100 $4,956 (-12.0% YTD) - H100 $20,308 (+3.6% YTD) - B200 $71,057 (14.4% YTD) A month on, the picture has not much changed. A100 ( launched in May 2020) has been roughly flat near $5k since late 2025. H100 and B200 have in fact both appreciated as the rising GPU rental income more than offset time decay! That is not a 2–3 year scrap curve! GPU financiability has increasingly become the central question for the AI buildout: credit, not chips or power, is what stalls smaller builds. Banks still often mark GPU residual to zero after three years of straight-line depreciation. Our estimates are going-concern value or what the GPU should be worth if it keeps running. "Zero after three years" is the wrong prior for that number. A six-year-old A100 still printing ~$5k is the living proof!

Silicon Data@Silicon_Data

2026.08.11 16:30

As @JensenHuang argued in his essay, we believe that GPUs should be increasingly thought of as financeable capital assets with stable cash flows coming from AI inference. Based on our residual fair value estimates, A100 stopped depreciating since late 2025 as rising rental income offset time decay of value. Meanwhile, the H100 and B200 chips have both meaningfully appreciated in value in 2026 as a result of the strong increase in GPU rental rates! We are still learning when it comes to the question of economic lifespan of GPUs. It certainly doesn't appear to be 2-3 years as some seem to casually assume. The NVidia A100 chip was released on May 14, 2020, well over 6 years ago and its rental rates are still holding steady after a significant run-up in 2026!

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