Nvidia CEO Jensen Huang highlighted a 22% increase in rental prices for the H100 chip over the past month, describing the same as a productive, revenue-generating asset. The H100, which is three years old, currently rents for $3.28 per hour.
The current pricing reflects a shift in demand. While on-demand capacity for this chip previously cost between $7 and $8 per hour at large cloud providers, the current rate remains a significant markdown from those early peaks.
The price increase is partly attributed to the supply of newer Blackwell systems being reserved for the largest buyers, which pushes inference workloads toward older clusters. Market costs remain high due to constraints in power and memory.
Financial details regarding the ecosystem include CoreWeave, a cloud firm that rents out Nvidia chips, which held $35 billion in debt as of the end of June. Nvidia has also agreed to rent back unused capacity from such partners.
Nvidia reported record second-quarter revenue of $96.2 billion in August, and its stock price rose more than 4% following the report.
