[SMM Hashrate Midday Review] 4090 lowest price in Pearl River Delta has continued to drop, new resource release lowers the lower bound.

[Market Overview] Today, the lowest price in the 4090 Pearl River Delta region continued to edge down. For SMM-4090-24G-Complete Unit-Pearl River Delta-Monthly Package, the lowest monthly rent fell from 7,300 yuan to 7,200 yuan, and the lowest hourly rate fell from 1.27 yuan to 1.25 yuan. Prices for other models and regions remained unchanged, and the overall market was stable.

[4090 Pearl River Delta: New Supply Released, Lowest Price Continued to Decline] For SMM-4090-24G-Complete Unit-Pearl River Delta-Monthly Package, the lowest monthly rent fell from 7,300 yuan to 7,200 yuan, down 100 yuan, a monthly rent decline of 1.37%; the lowest hourly rate fell from 1.27 yuan to 1.25 yuan, down 0.02 yuan, an hourly rate decline of 1.57%. This round of decline was driven by the release of new low-priced supply; the previous lowest listing prices of 7,300 yuan was consequently invalidated, while other prices remained unchanged. As the flagship consumer-grade model being repurposed for AI inference, the continued decline in the lowest price indicates that both incremental and existing supply in the region continued to flow in, and low-priced supply was taken up as soon as it entered the market.

[SMM Viewpoint] The continued decline in the lowest price for 4090 in the Pearl River Delta corroborated the view that the price center for consumer-grade cards repurposed for AI continued to shift downward. SMM believed two points warranted attention: first, the core demand for 4090 was enterprise on-premises deployment for large-model inference; this scenario was highly sensitive to cost performance, and the release of new low-priced supply could be transacted quickly, pushing the lowest-price anchor down step by step. Second, desktop-class AI workstations such as NVIDIA DGX Spark continued to divert demand; coupled with the continuous entry of new supply, 4090 rental prices lacked upward momentum, and the downward probing of low prices might still continue. For buyers, the bargain-hunting window for 4090 in the Pearl River Delta was expanding.