**Trader sentiment on H200 rental prices at end-October reflects a tight balance between accelerating Blackwell B200 supply and sustained demand for Hopper’s high-memory architecture.** Recent hyperscaler price cuts of up to 45% on comparable instances, combined with B200 ramp displacing older capacity, have already driven marketplace medians into the $3–4.50 band by August 2026, with spot rates dipping as low as $2.30 on some platforms. Persistent enterprise need for H200’s 141 GB HBM3e and 4.8 TB/s bandwidth in memory-intensive workloads provides a floor, while export policy shifts and contract renewals add volatility. The near-even odds between sub-$3.50 and $4.00–4.50 outcomes underscore uncertainty over whether new Blackwell deployments will further compress pricing or whether AI inference growth will stabilize rates in the coming weeks.