[SMM Computing Power Daily] High-End Computing Whole Machine Quotation Surpasses 14 Million, Two-Month Surge of About 100%

SMM, July 16:

High-end compute server quotations exceed 14 million yuan, almost doubling in two months

SMM learned that on July 16, an AI compute server components distributor quoted 16 brand-new spot units of a high-end compute server (Chilwee, 3T version) with a three-year warranty at 14.5 million yuan. The distributor admitted, "It was just over seven million two months ago," representing a roughly 100% increase over the two-month period. SMM previously noted that on July 13, a second-hand GPU dealer reported that high-end compute servers had climbed from approximately 9 million yuan to 13 million yuan, "similar to stock trading," and that incoming units were absorbed within a week. The current 14.5 million yuan quotation marks a new high.

910B2 domestic computing: 50 unit demand, but only 20 unit supply available

SMM learned that on July 16, supply-demand dynamics for the 910B2 saw buyers proposing a lease request for 50 units, with a minimum one-year lease and a requirement for same-cluster deployment. A carrier on the supply side indicated, "Around 20 units should be definitely available, and the shortfall might require some internal reallocation," while also asking the buyer if their application had been adapted to the 910B2. The buyer requested that availability and pricing be confirmed first. SMM's ongoing tracking shows the 910B2 has long faced tepid sales — with a quotation of approximately 13,500 yuan/unit/month, actual transactions have been difficult, and downstream largely adopts a wait-and-see stance. Whether this 50-unit demand materializes depends heavily on the supplier's ability to pool resources and whether pricing falls within an acceptable range for the buyer.

Fujian RTX 4090 8-card server bulk monthly lease at 7,500 yuan, deployable for DeepSeek V4 Flash

SMM learned that a batch of 4090 8-card GPU servers in Fujian Province was recently released into the leasing market, with a monthly lease quotation of 7,500 yuan, ample supply, and flexible leasing options. Configuration-wise, these are equipped with dual Intel Xeon Platinum 8352V CPUs, 512 GB memory, 8× RTX 4090 24G, four 3.84TB data drives, and dual 25GE NICs. This specification supports DeepSeek V4 Flash model deployment. Market participants noted that this price is mid-range in the current 4090 leasing market — overall monthly lease quotations for 8-card 4090 units fall within a range of 6,800-7,600 yuan, making 7,500 yuan a relatively high-end offer.

Server DDR5 memory quotations emerge, market in oversupply

SMM learned that on July 16, a server components wholesaler simultaneously quoted tax-inclusive prices for multiple DDR5 memory modules: Samsung 96GB 5600MHz at 20,700 yuan/stick (inventory of 20 sticks); SK 32GB 1R×4 5600MHz at 7,600 yuan/stick; SK 32GB 2R×8 5600MHz at 7,900 yuan/stick; Micron 64GB 4800MHz at 14,100 yuan/stick (inventory of 14 sticks). Market feedback indicates the server memory segment is currently in an overall state of oversupply, starkly contrasting with the tightness on the GPU side. As a key supporting component in computing infrastructure, the weak price signal of memory helps reduce supporting costs in overall system procurement.

SMM Analysis: The current computing market is undergoing pronounced stratification and divergence. On the high-end computing side, whole-system prices have risen to the current 14.5 million yuan, with the supply-demand gap continuing to widen with no signs of easing in the near term. For domestic computing, 910B2 supply-demand matching still faces structural frictions — scattered resources, cluster integration difficulties, and pricing and adaptation issues remain obstacles to deal closure. For computing like the 4090, supply is ample and pricing is mild, presenting a loose supply-demand environment. On the supporting components side, server memory is understood to have potentially entered an oversupply phase. Supply-demand rhythms across the industry chain are diverging.