Persistent AI demand for high-memory GPUs continues to support elevated NVIDIA H200 rental rates as of November 2026. The Hopper-architecture card with 141 GB HBM3e memory and 4,800 GB/s bandwidth sees median on-demand prices around $4.20–$5.13 per GPU-hour across providers, with spot rates as low as $1.33 and some listings near $3.50–$3.80. Rates have climbed roughly 49% year-over-year and up to 160% since early 2026, driven by large language model training and inference workloads that benefit from the doubled memory versus the H100. Newer Blackwell B200 GPUs command higher medians near $7 per hour, yet H200 supply remains constrained by HBM packaging and power limits. Providers such as Crusoe and Nebius have announced or enacted increases, while marketplace dynamics and upcoming year-end demand could influence final levels.