Carmen Li

And then comes down as more supply, you know, came live.

Yeah.

And then price came down and then stabilizes.

So that's the trend we have up sort of for A100 and then for H100.

So when B2 Country came out, we polished the data last year at Bloomberg, this early this year, the price was high and it came down, which is kind of what I expected, but the slope was

less steep than I expected.

I was like, hmm, that's interesting.

The slope wasn't as steep.

And then quickly observed the price just came up.

And now it's higher than the initial open, whatever you call that, right?

Launch prices.

That shows you demand-supply curve in a different stage than whatever stage we had before.

So the red line is H100, Neo Cloud on demand per GPU per hour rate.

So you can see the price came down last year a little bit.

Sorry about the scale, so you don't see much, but it came down and came back up quite a bit.

I think the last three months came up to like 8% for the H100.

The A100 is the oldest chips among the three, right?

They're pretty much a commodity at this point.

The price came down, they stabilized, but the price came up about 10-15% for the past three months.

Remember, they're A100, right?