Nvidia CEO Jensen Huang has highlighted data from compute-market platform Ornn showing H100 rental rates climbing 22% over the past month, to $3.28 per GPU per hour. The H100 is a training GPU that has been on the market for years, so the jump stands out. Ornn's H100 index is based on actual rental transaction prices. The platform's daily settlement on Sept. 7 was $3.17 per hour, and its most recent data display put the price at $3.28. Sharing the numbers, Huang argued that Nvidia's compute capacity can be rented out continuously and generate income. The rise supports the compute durability argument he has repeatedly stressed. Nvidia's latest earnings call made a related point: GPUs can be redeployed across different customers and workloads. For Huang, the rental price data is evidence that GPUs are not just hardware but assets that can keep producing revenue.
Nvidia CEO Jensen Huang shared data from Ornn to press a point: GPUs can keep generating income through rentals.
Ornn, whose H100 index is calculated from actual lease transaction prices, said the H100 rental rate rose 22% in the past month. The chip has been on the market for years as a training GPU, yet the latest lease price sits at $3.28 per GPU per hour. The index's settlement price on Sept. 7 was $3.17 per hour; the next posted reading reached $3.28.
Huang said the data shows Nvidia's compute can be rented out on an ongoing basis, making GPUs income-producing assets. This is the compute durability logic he has repeated recently. Nvidia added on its latest earnings call that GPUs can be redeployed across different customers and workloads.
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