HomeSupply and SpendingCompute Supply (Epoch)
Chip Prices vs Monetization
Blended Purchase Price: Cost per H100e (US$ Thousands)#
The blended purchase price per H100e turned up in 2026 as newer chip generations cost more.Draft, pending review
How to read this chart
Quarterly chip spend divided by quarterly new compute; translucent points are quarters with incomplete coverage.
Source: FinSight compilation and estimates · Updated 2026-08-31
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Chip Generations: Price per H100e vs Launch Date (log)#
B200 to B300 was the first time a new generation got pricier; H20 and Ascend look expensive because their compute is constrained, not because of high prices.Draft, pending review
Source: FinSight compilation and estimates · Updated 2026-08-31
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Cumulative Chip Spend vs AI Companies' Annualized Revenue#
Market-wide cumulative chip spend against the five model companies' annualized revenue: spending still dwarfs revenue.Draft, pending review
Source: FinSight compilation and estimates · Updated 2026-08-31
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Monetization Rate: Annualized Revenue ÷ Cumulative Chip Spend (%)#
Annualized revenue per dollar of chip capital has been rising through the price-increase period, not what oversupply looks like.Draft, pending review
How to read this chart
Annualized revenue per dollar of chip capital. If this line falls during a price-increase period, that is evidence of oversupply.
Source: FinSight compilation and estimates · Updated 2026-08-31
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