[SMM Computing Flash] A cloud service provider quoted H100 bare metal within 80,000, said there is no off-season, and supply remains tight.

Published: Jul 10, 2026 17:20

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SMM learned that a GPU cloud service provider disclosed on July 10 that the monthly rental quote for bare-metal H100 servers was within 80,000 yuan, with actual on-cloud transaction prices ranging from 75,000 to 83,000 yuan per month. Due to the premium for cloud services, these prices were higher than those of closed long-term agreements. Regarding the market, the provider noted that the market price for the 4090 was around 8,000 yuan per month, the 5090 was quoted at 12,000 yuan per month, and the highest quotes for the 5090 reached 13,000-14,000 yuan. Meanwhile, the source explicitly denied any off-season in the market, stating, "There has been consistent demand, and supply is relatively tight." On the high-end computing power side, the service provider stated they did not engage in this segment and described relevant market quotes as "essentially fake." Domestic Huawei Ascend computing power has not yet been launched but is planned for future introduction. The source also pointed out that domestically produced graphics cards have no hardware issues, but optimization still requires the work of engineers. SMM also learned that DeepSeek spent all of last year on adapting domestically produced graphics cards.

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