Brett Harrison(@BrettHarrison):We’re hearing from GPU capacity sellers that customers have been rotating from H100s to B200s, but this change isn’t fully reflected in 12-month forward rental prices. Halfway through 2026, the @ComputeDesk H100 index is up ~40% while the newer B200 return sits at ~27%. For most of the year, surging demand for training and interference hit the H100 fleet first while B200 capacity was unfilled. The H100-B200 spread started to close only over the last few weeks in response to a marketwide demand spike.

2026.07.16 14:31

We’re hearing from GPU capacity sellers that customers have been rotating from H100s to B200s, but this change isn’t fully reflected in 12-month forward rental prices. Halfway through 2026, the @ComputeDesk H100 index is up ~40% while the newer B200 return sits at ~27%. For most of the year, surging demand for training and interference hit the H100 fleet first while B200 capacity was unfilled. The H100-B200 spread started to close only over the last few weeks in response to a marketwide demand spike.