FIN · T06
Will the median on-demand rental price of an Nvidia H100 80GB GPU remain at or above $1.50 per GPU-hour on a major public price index as of 2027-06-30?
Will H100 rental rates hold at or above $1.50/GPU-hour, or does collateral value decay faster than lenders assumed? Yes side argues recontracting and residual value support a price floor; no side argues depreciation and oversupply break it.
Questions 3Open 3Call held 0Call missed 0
GPU collateral retains enough value to keep rents at or above $1.50
Older Nvidia chips keep earning because operators recontract them rather than writing them off, which supports the cash flow behind GPU-backed debt. CoreWeave's A100 contract running into 2029 shows demand for prior-generation hardware persists well past the point depreciation schedules assume it is obsolete. Because compute can be redeployed to another operator if one fails, lenders can treat it as an asset class with real residual value, and resale and rental pricing on older GPUs like the A100 suggest that value holds up. That persistence of demand is what keeps H100 rental rates from falling through the $1.50 floor.
3 voices
GPU collateral loses value faster than the loan, breaking the floor
A wave of GPU defaults and forced liquidation floods the market with chips, so prices collapse, losses exceed backstop capacity, and bond holders absorb multiples of initial loss estimates. Nvidia releasing new GPU generations annually with higher performance and lower cost per rack means older GPU cohorts lose economic value faster than the debt used to purchase them can be repaid, requiring constant reinvestment to maintain competitiveness. It would show first if H100 hourly rates fall below the $1.50 floor as newer capacity displaces older inference demand.
3 voices
The questions
Settles Nov 24open
Will Dell's long-term debt grow at least 22 percent over a year by October 31, 2026?
Settles Nov 24open
Will Dell's long-term debt grow at least 25 percent over a year by October 31, 2026?
Settles Nov 24open
Will Dell's long-term debt grow at least 28 percent over a year by October 31, 2026?