**Sustained demand for high-memory Hopper GPUs amid tight AI compute supply is positioning the $6.50+ outcome as the market leader at 51% implied probability.** Current on-demand medians for H200 rentals hover around $4.50–$5.00 per GPU-hour across providers, with spot rates often lower and hyperscaler quotes higher, reflecting a 12% rise over the past 90 days and longer-term upward pressure from expanding large language model training and inference workloads. Recent announcements, including Nebius and Crusoe adjustments effective December 1, signal further increases that align with trader expectations for elevated end-of-year pricing. Limited new H200 capacity as vendors prioritize Blackwell systems, combined with persistent AI infrastructure needs, reinforces this sentiment while acknowledging that spot market fluctuations or rapid supply responses could still moderate outcomes before December 31.