[SMM Computing Power Express] Two buyers each seek 128 H100 units; suppliers question authenticity

SMM learned that on July 16, a server components wholesaler quoted tax-inclusive prices for multiple server DDR5 memory modules: Samsung 96GB 5600MHz at 20,700 yuan, inventory of 20 units with uniform part number; SK 32GB 1R×4 5600MHz at 7,600 yuan; SK 32GB 2R×8 5600MHz at 7,900 yuan; Micron 64GB 4800MHz at 14,100 yuan, inventory of 14 units. Market participants noted that the overall server memory market was oversupplied, in stark contrast to the tight supply of GPUs. As a key supporting component for computing power infrastructure, memory price trends can provide reference for calculating overall procurement costs.

July 15: The procurement price for high-end computing power complete machines hit a peak of 14 million yuan. Based on current leasing market conditions, it is estimated that recouping the investment within five years will be difficult, and existing high-priced assets face the risk of accelerated depreciation. The monthly rental for the A100-40G rose to 12,000 yuan, up about 36% from early July. The annual package rental of 42,000 yuan for the H20-141G has gained market acceptance. Price differentiation among various card models intensified, and the pace of downstream market entry turned more cautious.

SMM learns that on July 15, a quotation from an IDC service provider in Sichuan showed that the bare metal monthly rental for an A100-40G eight-card server was quoted at 12,000 yuan, representing a price difference of about 36% compared to the cloud server market price of 8,800 yuan/month. During the same period, the A100-80G was quoted at 35,000–38,000 yuan/month, maintaining the upper end of the price range seen in early July; the 4090 eight-card monthly rental was quoted at 8,000 yuan/month, positioned in the neutral-to-upper part of the market range; the price of the Huawei Ascend 910B2 remained unchanged from the previous inquiry, still at 20,000 yuan/month.