Paradis — Nebius raises rates on four-year-old H100s, and the GPU-depreciation bear case with them

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Paradis — Nebius raises rates on four-year-old H100s, and the GPU-depreciation bear case with them

Nebius raises on-demand GPU rates from October 1: H100 goes from $3.85 to $4.50 an hour, H200 to $5.40, B200 to $8.50, B300 to $9.50. The second-order read is the one worth having — pricing power on four-year-old H100s, alongside the A100 contract CoreWeave said on its earnings call runs into 2029, cuts against the GPU-depreciation bear case that the neocloud model rests on.

Open on X Paradis (@ParadisLabs)
Paradis✓ @ParadisLabs
Sep 16

$NBIS just raised on-demand pricing for four year old $NVDA H100s... For Nebius, I don't think the revenue gain from these price increases is that big. But it's very bullish seeing older GPUs have longer lives than many expected, and pricing keeping up with that fact. Anyway, I

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Paradis · (@ParadisLabs) · 2026-09-16

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$NBIS INCREASE ON-DEMAND GPU RATES EFFECTIVE OCTOBER 1.

H100: $3.85 per GPU-hour -> $4.50
H200: $4.50 per GPU-hour -> $5.40
B200: $7.15 per GPU-hour -> $8.50
B300: $7.85 per GPU-hour -> $9.50

AMD EPYC Genoa CPU and memory rates will also increase.

Intel Ice Lake CPU pricing remains unchanged.

Why it's worth your time

Nebius raises on-demand GPU rates from October 1: H100 goes from $3.85 to $4.50 an hour, H200 to $5.40, B200 to $8.50, B300 to $9.50. The second-order read is the one worth having — pricing power on four-year-old H100s, alongside the A100 contract CoreWeave said on its earnings call runs into 2029, cuts against the GPU-depreciation bear case that the neocloud model rests on.

8 events
DateTypeEvent
Oct 16 tweetMarkos - Neocloud systemic risk is the B/C-tier wave borrowing against weak contracts, not the big names Sep 10 tweetM. V. Cunha — Nebius management at Goldman: demand visibility stretches to 24+ months, older GPUs stay economically relevant Oct 1 tweetKawzInvests — open models now carry 61% of Vercel gateway tokens while H200/B200 rents rise and H100/A100 rents fall Oct 2 tweetSemiAnalysis — Google's GPU cloud climbs to Gold in ClusterMAX, but CoreWeave and Nebius are still the Platinum names it holds up as the bar Aug 26 ArticleThe AI Buildout Is Paying the Ecosystem, Not NVIDIA Aug 26 Market SignalThe AI Money Went Into the Ecosystem, Not Into Nvidia Oct 9 tweetSemiAnalysis — rising H100 rents break the depreciation curve lenders underwrite, with $7T of debt coming Oct 9 ArticleAI Money Bought Running Power Plants and Sold the Build-Out

Tweets, videos, filings, articles, and source pages tied to this read.

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