[SMM Kilasan Daya Komputasi] Penawaran Khusus Hosting Kabinet Daya Tinggi Tiongkok Utara, Kabinet 42U 7kW seharga 6.300 Yuan/Bulan.

SMM has learned that lessors in east China report a severe mismatch between supply and demand prices for the Pro 6000, with buyers bidding low while holders ask high, making deals increasingly difficult to close. The model was previously leased at 35,000–37,000 yuan per unit per month, a level buyers have clearly been reluctant to accept. Compared with the 5090, the Pro 6000's core advantage lies in its memory specifications, which can support inference deployment for larger-parameter models, yet the monthly rental price spread between the two generally exceeds 18,000 yuan. SMM believes the memory advantage has not yet translated into cost-effectiveness recognized by lessees, and the price discovery process remains in a tug of war, making a near-term volume increase unlikely.

SMM learned that from September 1 to September 4, the RTX 5090 single-card US dollar quote rose from $5,350 to $5,600, an increase of $250 or 4.7% over four days, with market expectations seeing a further rise to $6,000 per card. Over the same period, the RMB-denominated channel moved up in tandem, with the South China turbo version rising from 40,800 yuan per card in mid-August to 43,500 yuan per card, an increase of 6.6%. SMM believes that the two channels in local and foreign currencies saw similar gains and moved in the same direction, and that the price increase was driven mainly by the supply side rather than regional arbitrage. If the $6,000 expectation materializes, there is still 7.1% upside from the current level.

Indeks bergerak sideways di seluruh pasar hari ini. 5090 naik serentak di dalam dan luar negeri: kuotasi dolar menguat 4,7% dalam empat hari menjadi $5.600, dengan sebagian pihak mengincar $6.000, sementara versi turbo South China naik ke 43.500 yuan per kartu (+6,6%), didorong oleh pasokan alih-alih arbitrase regional. Divergensi harga permintaan-penawaran untuk Pro 6000 semakin melebar, dengan kuotasi sewa 35.000–37.000 yuan per bulan yang penerimaannya terbatas dan selisih lebih dari 18.000 yuan dibandingkan 5090; penemuan harga masih dalam tarik-menarik. Jika reli 5090 berlanjut dan selisihnya menyempit, hal itu dapat membuka ruang permintaan bagi Pro 6000.