**Persistent high demand for NVIDIA Blackwell B200 GPUs from large-scale AI training and inference workloads, paired with still-constrained supply, has pushed rental prices upward in recent weeks and positioned the $9.00+ outcome as the clear market favorite.** Current on-demand medians sit around $7.75–$8.30 per GPU-hour across providers, with spot rates notably lower, yet multiple trackers show 4–6% gains over the past 30 days and broader 90-day increases of 14–24% amid tight marketplace availability. Efforts to ease advanced packaging bottlenecks, including recent coordination between TSMC and suppliers, are underway but have not yet delivered enough additional capacity to ease pricing pressure. Traders appear to view the next three weeks as unlikely to produce a meaningful supply surge capable of reversing the recent upward trend before month-end.