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
Morning Brief: Thursday, July 2, 2026
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
- Thursday, July 2, 2026
- Signal window
- Wednesday, July 1, 2026
- Egypt greenlights license for $400m data center expansion
- FS Launches 800G ZR/ZR+ Coherent Optics: High-Capacity, Reliable Connectivity for AI and DCI Networks
- Gigawatt-scale behind-the-meter data center campus proposed in Australia's Northern Territories
Today's Compute College lesson
What is GPU Cloud Capacity?
GPU cloud capacity is buyer-accessible accelerator supply available for AI workloads through cloud providers.
Why it matters today: Today's lesson connects the GPU Pricing & Capacity track to the compute market readers are watching.
Read the lessonLearn the Market
Term of the Day: Liquid cooling
Liquid cooling uses fluid to remove heat from servers more efficiently than air cooling alone. As AI chips become more power-dense, traditional cooling can become harder or less efficient. Liquid cooling can support denser racks and larger AI clusters.
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
Signals
Top market signals
These are the highest-impact source-backed items from the signal window used for this morning’s brief.
Jul 1, 2026
Egypt greenlights license for $400m data center expansion
Watch item for AI compute supply, demand, capacity, infrastructure, or market structure.
Jul 1, 2026
FS Launches 800G ZR/ZR+ Coherent Optics: High-Capacity, Reliable Connectivity for AI and DCI Networks
Watch item for AI compute supply, demand, capacity, infrastructure, or market structure.
Jul 1, 2026
Gigawatt-scale behind-the-meter data center campus proposed in Australia's Northern Territories
Watch item for AI compute supply, demand, capacity, infrastructure, or market structure.
Jul 1, 2026
Sponsored: Rehlko releases 2026 Powering Impact Report, highlighting sustainable power progress for data centers
Watch item for AI compute supply, demand, capacity, infrastructure, or market structure.
Jul 1, 2026
Cloud Capital and Realty Income partner for $6bn data center joint venture fund
Watch item for AI compute supply, demand, capacity, infrastructure, or market structure.
Power & Data Center Watch
- Egypt greenlights license for $400m data center expansion (Data Center Dynamics).
- FS Launches 800G ZR/ZR+ Coherent Optics: High-Capacity, Reliable Connectivity for AI and DCI Networks (HPCwire).
- Gigawatt-scale behind-the-meter data center campus proposed in Australia's Northern Territories (Data Center Dynamics).
Watch next
Signals for the next issue
- 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).
- PJM Capacity Auction for 2028/2029 Delivery Year Opens (PJM Interconnection).
- How NVIDIA’s Inference Software Stack Powers the Lowest Token Cost (NVIDIA Blog).
Recent Briefs
Brief archive
Use the archive to move between dated Morning Brief issues without relying on the sitemap.
Previous issue: Morning Brief: Wednesday, July 1, 2026
Signal window: Tuesday, June 30, 2026. PJM Capacity Auction for 2028/2029 Delivery Year Opens