H100 IndexWhat it costs to rent one H100 GPU for an hour on demand — the market’s anchor price.
- Value
- $4.29 / H100-hr
- Last Price Change
- May 27, 2026
Morning Brief
ComputeTape Morning Brief: track and learn the market
Start-of-day AI compute market report.
Published each morning with the prior day’s source-backed signals across GPU pricing, cloud capacity, power constraints, data centers, and AI infrastructure. Track the prior day’s source-backed news and changes shaping GPU supply, cloud availability, power constraints, data centers, and compute market pressure.
Morning Brief
Morning Tape
- Report date
- Wednesday, July 1, 2026
- Signal window
- Tuesday, June 30, 2026
- PJM Capacity Auction for 2028/2029 Delivery Year Opens
- How NVIDIA’s Inference Software Stack Powers the Lowest Token Cost
- Digital Realty acquires Blackstone's stake in three Virginia data centers for $3.5 billion
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What is High-Bandwidth Memory (HBM)?
High-bandwidth memory is fast memory located near advanced accelerators to keep AI workloads supplied with data.
Why it matters today: Today's lesson connects the Power & Data Centers track to the compute market readers are watching.
Read the lessonLearn the Market
Term of the Day: Power usage effectiveness
Power usage effectiveness, or PUE, compares total facility power to the power used by IT equipment. A lower PUE means less extra power is being spent on cooling, lighting, and other overhead. AI data centers care about PUE because GPU clusters already consume large amounts of electricity.
Market signals
Compute market signals
Spot Compute PriceThe cheaper, interruptible GPU price — a read on whether spare capacity is available.
- Value
- $2.46 / H100e-hourH100e-hour means an H100-equivalent GPU hour, a normalized unit used to compare different GPUs and providers.
- Last Price Change
- May 27, 2026
Model Serving CostRoughly what it costs to run a model and generate its output at scale, per million tokens.
- Value
- $2.78 / 1M tokens
- Last Price Change
- Jun 22, 2026
GPU AvailabilityHow easy or hard it is to actually get GPU capacity right now, scored 0–100.
- Value
- 78 / 100 score
- Last change
- May 27, 2026
Latest Brief
Top market signals
These are the highest-impact source-backed items from the signal window used for this morning’s brief.
Jun 30, 2026
PJM Capacity Auction for 2028/2029 Delivery Year Opens
this may affect capacity expansion supply, demand, capacity, bottlenecks, or financing.
Jun 30, 2026
How NVIDIA’s Inference Software Stack Powers the Lowest Token Cost
this may affect power supply, demand, capacity, bottlenecks, or financing.
Jun 30, 2026
Digital Realty acquires Blackstone's stake in three Virginia data centers for $3.5 billion
Watch item for AI compute supply, demand, capacity, infrastructure, or market structure.
Jun 30, 2026
Virtus to develop 32.5MW data center in Slough, UK
Watch item for AI compute supply, demand, capacity, infrastructure, or market structure.
Jun 30, 2026
Claude in Microsoft Foundry is now generally available
this may affect capacity expansion supply, demand, capacity, bottlenecks, or financing.
Power & Data Center Watch
- PJM Capacity Auction for 2028/2029 Delivery Year Opens (PJM Interconnection).
- Virtus to develop 32.5MW data center in Slough, UK (Data Center Dynamics).
- Claude in Microsoft Foundry is now generally available (Microsoft Azure Blog).
Watch next
What could move the next Morning Brief
- Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3 (Applied Digital Press Releases).
- MLPerf Training v6.0: Lambda delivers fastest LLM training on NVIDIA GB300 NVL72 and fastest MoE training on NVIDIA HGX B200 (Lambda Blog).
- Nebius expands in UK with more NVIDIA-powered infrastructure, more customers, and more cloud capabilities for agentic and enterprise AI June 8, 2026 (Nebius Newsroom).
- Claude Meets Blackwell Ultra: Anthropic’s Models Now Run on NVIDIA GB300 in Azure (NVIDIA Blog).
- PJM opposes waiver for $2B gas-fired plant in fast-track interconnection review (Utility Dive).
Archive
All Morning Brief issues
Every published issue is linked here so readers and crawlers can reach the dated archive directly.
Morning Brief: Wednesday, July 1, 2026
Signal window: Tuesday, June 30, 2026. PJM Capacity Auction for 2028/2029 Delivery Year Opens
Morning Brief: Tuesday, June 30, 2026
Signal window: Monday, June 29, 2026. Claude Meets Blackwell Ultra: Anthropic’s Models Now Run on NVIDIA GB300 in Azure
Morning Brief: Monday, June 29, 2026
Signal window: Sunday, June 28, 2026. Request for Backup Generation Emergency Order Under Federal Power Act, Section 202(c) PDF
Morning Brief: Saturday, June 27, 2026
Signal window: Friday, June 26, 2026. Dogecoin cryptominer Z Squared acquires site in Arkansas for AI/HPC data center development
Morning Brief: Friday, June 26, 2026
Signal window: Thursday, June 25, 2026. Qualcomm unveils three new data center solutions including Dragonfly C1000 CPU, set to be deployed by Meta
Morning Brief: Thursday, June 25, 2026
Signal window: Wednesday, June 24, 2026. Fire at STT GDC/Tata data center in India caused "extensive damage" - report
Morning Brief: Wednesday, June 24, 2026
Signal window: Tuesday, June 23, 2026. NVIDIA Powers Over 400 of the World’s 500 Fastest Supercomputers
Morning Brief: Tuesday, June 23, 2026
Signal window: Monday, June 22, 2026. NAIRR Science Program Reshapes Scientific Research, Powered by NVIDIA AI Infrastructure
Morning Brief: Sunday, June 21, 2026
Signal window: Saturday, June 20, 2026. Meta signs 1.6GW capacity agreement with Crusoe - report
Morning Brief: Saturday, June 20, 2026
Signal window: Friday, June 19, 2026. Announcing Amazon EC2 G7 instances accelerated by NVIDIA RTX PRO 4500 Blackwell Server Edition GPUs
Morning Brief: Friday, June 19, 2026
Signal window: Thursday, June 18, 2026. How FERC’s Large-Load Interconnection Actions Help Address Grid Stress, Improve Affordability
Morning Brief: Thursday, June 18, 2026
Signal window: Wednesday, June 17, 2026. New 339-mile transmission line brings Canadian hydropower to NYC
Morning Brief: Wednesday, June 17, 2026
Signal window: Tuesday, June 16, 2026. MLPerf Training v6.0: Lambda delivers fastest LLM training on NVIDIA GB300 NVL72 and fastest MoE training on NVIDIA HGX B200
Morning Brief: Tuesday, June 16, 2026
Signal window: Monday, June 15, 2026. Bitdeer breaks ground on natural gas plant and data center in Alberta, Canada
Morning Brief: Monday, June 15, 2026
Signal window: Sunday, June 14, 2026. Data centers are getting caught up in conflict. What does this mean for cloud strategy?
Morning Brief: Sunday, June 14, 2026
Signal window: Saturday, June 13, 2026. NVIDIA Blackwell Leads on First Agentic AI Infrastructure Benchmark
Morning Brief: Saturday, June 13, 2026
Signal window: Friday, June 12, 2026. What could save Arizona tens of millions in annual customer and infrastructure costs? Residential pool pumps.
Morning Brief: Friday, June 12, 2026
Signal window: Thursday, June 11, 2026. 1M+ customers have connected solar to PG&E’s grid
Morning Brief: Thursday, June 11, 2026
Signal window: Wednesday, June 10, 2026. NVIDIA Confidential Computing to Help Expand Apple’s Private Cloud Compute
Morning Brief: Wednesday, June 10, 2026
Signal window: Tuesday, June 9, 2026. FirstEnergy asks FERC to require data centers to pay for transmission interconnection costs
Morning Brief: Tuesday, June 9, 2026
Signal window: Monday, June 8, 2026. Microsoft seeks Nevada tariff to shield ratepayers from data center costs
Morning Brief: Monday, June 8, 2026
Signal window: Sunday, June 7, 2026. Nebius expands in UK with more NVIDIA-powered infrastructure, more customers, and more cloud capabilities for agentic and enterprise AI June 8, 2026
Morning Brief: Sunday, June 7, 2026
Signal window: Saturday, June 6, 2026. Grupo Fotones eyes €1.15bn data center campus in Murcia, Spain
Morning Brief: Saturday, June 6, 2026
Signal window: Friday, June 5, 2026. Edged tops out second building at Chicago data center campus, Illinois
Morning Brief: Friday, June 5, 2026
Signal window: Thursday, June 4, 2026. Speed to power requires more transmission, not less competition
Morning Brief: Thursday, June 4, 2026
Signal window: Wednesday, June 3, 2026. How the OCP EMEA Summit Became Europe's Premier Open Infrastructure Event
Morning Brief: Wednesday, June 3, 2026
Signal window: Tuesday, June 2, 2026. ZutaCore Raises $100M Series C to Scale Waterless Cooling for AI and HPC Data Centers
Morning Brief: Tuesday, June 2, 2026
Signal window: Monday, June 1, 2026. AWS Weekly Roundup: Claude Opus 4.8 on AWS, Aurora MySQL with Kiro Powers, and more (June 1, 2026)
Morning Brief: Monday, June 1, 2026
Signal window: Sunday, May 31, 2026. Japan’s data center industry will rise in prominence if we’re proactive
Morning Brief: Sunday, May 31, 2026
Signal window: Saturday, May 30, 2026. ASUS XA NB3I-E12 Review A Massive 8x NVIDIA B300 GPU Server
Morning Brief: Saturday, May 30, 2026
Signal window: Friday, May 29, 2026. UK's Reabold Resources seeks partner for 100MW off-grid gas-powered data center in Yorkshire
Morning Brief: Friday, May 29, 2026
Signal window: Thursday, May 28, 2026. Huawei Bets on a New Semiconductor Playbook to Overcome Chip Restrictions
Morning Brief: Thursday, May 28, 2026
Signal window: Wednesday, May 27, 2026. 25MW AI data center to be built in McMinnville, Tennessee
Morning Brief: Wednesday, May 27, 2026
Signal window: Tuesday, May 26, 2026. WhiteFiber secures AI compute deal, expands into France
Morning Brief: Tuesday, May 26, 2026
Signal window: Monday, May 25, 2026. Boxminer plans 20MW crypto data center in La Pine, Oregon
Morning Brief: Monday, May 25, 2026
Signal window: Sunday, May 24, 2026. Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3
Morning Brief: Sunday, May 24, 2026
Signal window: Saturday, May 23, 2026. Nvidia posts record quarterly revenue of $81.6bn as company splits reporting framework into data center and Edge computing segments
Morning Brief: Saturday, May 23, 2026
Signal window: Friday, May 22, 2026. Powering multi-cluster workloads with seamless cross‑cluster networking for Azure Kubernetes Fleet Manager
Morning Brief: Friday, May 22, 2026
Signal window: Thursday, May 21, 2026. SpaceX IPO filing reveals Anthropic set to pay Musk's firm $1.25bn a month to rent xAI data center space
Morning Brief: Thursday, May 21, 2026
Signal window: Wednesday, May 20, 2026. Lambda Partners with Hudson River Trading to Power Quantitative Research and Development
Morning Brief: Wednesday, May 20, 2026
Signal window: Tuesday, May 19, 2026. NVIDIA and Google Cloud Empower the Next Wave of AI Builders
Morning Brief: Tuesday, May 19, 2026
Signal window: Monday, May 18, 2026. AMD and Meta Announce Expanded Strategic Partnership to Deploy 6 Gigawatts of AMD GPUs
Morning Brief: Monday, May 18, 2026
Signal window: Friday, May 15, 2026 - Sunday, May 17, 2026. AMD and Meta Announce Expanded Strategic Partnership to Deploy 6 Gigawatts of AMD GPUs