Persistent supply constraints on the RTX 5090, driven by NVIDIA’s prioritization of GB202 dies and scarce GDDR7 memory for higher-margin professional and AI GPUs, continue to limit new consumer card availability into late November. This scarcity, combined with steady demand for the 32 GB Blackwell card in local AI inference, rendering, and smaller training workloads, has kept median cloud rental rates clustered around $0.65–$0.73 per GPU-hour across major marketplaces. Traders see the $0.65–$0.70 band as the most probable near-term equilibrium, with upside risk to $0.75+ if recent allocation trends persist and limited downside only if unexpected restocks materialize. No meaningful supply relief has emerged in the past week to shift this positioning.