Why NVIDIA H100 Rental Prices Are Rising Again
The recent spike in NVIDIA H100 rental prices shows that the AI compute market remains volatile rather than oversupplied. Despite increased GPU availability, demand is being driven by year-end budget spending, creating temporary but intense surges in usage. The market is increasingly split between low-cost “neoclouds,” which offer cheaper but less reliable capacity, and hyperscalers, which charge premium prices for stability and integration. The main constraint is no longer GPU supply but power and grid capacity, with electricity and cooling costs now embedded in rental pricing. Meanwhile, delays in deploying NVIDIA’s next-gen Blackwell (B200) chips keep H100s in high demand as the current workhorse, preventing prices from falling in a normal hardware cycle. Source hashtag#chart: www.zerohedge.com
$1.5T valuation at $24B puts SpaceX at a P/S of 62.5.
Current P/S of other popular space companies: - $RKLB: 85 - $PL: 30 - $RDW: 7 - $FLY: 42 - $LUNR: 16 Source: RocketMan @RKLBMan on X
Bitcoin dropped $2,500 in the last 5 hours and liquidated $400 million worth of longs.
More than $100 BILLION has been wiped out from the crypto market today. This is a low-liquidity Sunday evening dump. The real price action will come once the US market opens on Monday. Source. Bull Theory
Historically, Treasury Yields Rise After Fed Chair Nominations
With the time until the next Fed chair arrives at the Marriner Eccles building fast approaching, BofA Hartnett reminds us that 3 months following seven nominations for Fed Chair since 1970 (Burns, Miller, Volcker, Greenspan, Bernanke, Yellen, Powell), yields were up every time (2-year +65bps, 10-year +49bps)... Source: BofA, zerohedge
And there you have it Gold is officially trading above $5,000.
Source : Mohamed El-Erian
Total Returns since inception of the first Gold ETF in November 2004
Berkshire Hathaway $BRK.B: +744% Gold ETF $GLD: +932% Source: Charlie Bilello
I disagree with this headline from CNN
Gold is not rising because of Trump. It is rising because the US has $39 trillion in debt, $2 trillion in annual deficits, 25% of tax revenue goes to interest payments and Congress refuses to stop. They thus need to go through monetary debasement. This is not a bug. It is a feature of the system. And store of values are one of the way to protect purchasing power. By the way, Europe and Japan have similar debt and spending problems. Gold is at record highs against every currency, not just the dollar. Source: Wall Street Mav
The smaller, the better so far in 2026
Source: Bespoke @bespokeinvest
