[SMM Computing Power News] Hong Kong, China: H200 PCIE original cards traded at $48,000 per card

Published: Sep 1, 2026 15:52

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SMM has learned that three original H200 PCIE cards were traded in the Hong Kong, China market at $48,000 per card. Compared with SMM's previously collected quotes for the same model in Hong Kong—$41,000 at end-July and $42,000 in mid-August—this transaction price has clearly moved higher. Domestic quotes over the same period were 380,000–385,000 yuan per card. SMM believes that H200 PCIE card prices in Hong Kong have been rising steadily since end-July, and this latest deal reflects an actual transaction rather than a quote, indicating that overseas demand for high-end cards and scarcity premiums are heating up in tandem.

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