Sustained enterprise AI demand continues to anchor H100 rental rates near $2.50–$2.75 per GPU-hour on neocloud and marketplace platforms as of late July 2026, even as overall supply has eased from 2025 shortages. Traders appear focused on whether modest upward pressure from memory constraints and training cycles will hold prices in that band through September or allow further stabilization around $2.25–$2.50 amid competitive discounting. Offsetting factors include gradual Blackwell B200/GB200 deployments that could accelerate H100 displacement and hyperscaler premiums that widen the observed spread. With outcomes tightly clustered and no dominant catalyst yet visible, the market reflects uncertainty over short-term demand elasticity versus incremental capacity additions expected in the next two months.