[SMM Computing Power Midday Review] H100 Highest Price in Western Region Rises, Computing Power Shortage Pressure Spreads to 5090 Procurement and Rental Sides

Published: Aug 4, 2026 11:37

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The highest monthly rental price for H100 in the western region rose to 79,500 yuan (up 0.63%), and the highest per-card hourly rate rose to 13.15 yuan (up 0.31%), with the supply tightness continuing. The scarcity of computing power has worsened NVIDIA server leasing liquidity, and the pressure has already transmitted to servers loaded with GPUs such as the 5090. Procurement prices for the 5090 and Pro 6000 are expected to peak within 1–2 weeks.

[Market Overview] This morning, the highest price of H100 in the western region continued to rise. The highest monthly rental for the SMM H100-80G full system in the western region rose from 79,000 yuan to 79,500 yuan, equivalent to a highest card-hour rate of 13.15 yuan. Against the backdrop of tight computing power resources, the liquidity of Nvidia server rentals deteriorated, and the pressure for price increases is being transmitted along the industry chain to the purchasing end of servers equipped with GPUs like the 5090.

[H100 Western Region: Highest Price Continues to Rise, Tight Supply Pattern Further Intensifies] The highest monthly rental for the SMM H100-80G full system in the western region rose from 79,000 yuan to 79,500 yuan, an increase of 500 yuan, or 0.63%; the highest card-hour rate rose from 13.11 yuan to 13.15 yuan, up 0.04 yuan, or 0.31%. Although the increase was mild, it confirms the logic of tight supply: overall computing power resources are tight, liquidity of Nvidia servers in the rental market has deteriorated, readily deliverable spot cargoes are becoming increasingly scarce, and lessors are holding back from selling, pushing up their quotes. More critically, pressure from the rental side is being transmitted downstream, with server quotes for those equipped with Nvidia GPUs like the 5090 rising in tandem.

[SMM View] This round of increases is a continuation of the "resource tightness—liquidity deterioration—price rise" chain. Two points need attention: First, the purchase prices of 5090 and Pro 6000 equipment are rising in tandem with rental pressure, and are expected to reach a short-term peak within one to two weeks. Buyers should lock in supply sources early to avoid chasing higher prices. Second, worsening liquidity means the rental market is strengthening the current "seller's market," with holders' bargaining power increasing, making it difficult to break the high price situation in the short term. Whether a turning point occurs depends on the pace of new compliant supply releases. It is recommended to continuously monitor the marginal changes in purchase prices and spot supply.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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