AI 导读
SemiAnalysis 宣布由 @dnishball 与 @JordanNanos 启动新的 Compute Capital Markets 栏目。其指出 H100 租赁价格在按折旧曲线本应下滑的情况下反而上涨，而这一曲线正是放贷方承押的依据，预计到 2029 年将有 7 万亿美元债务到来；栏目将讨论 Nvidia 的兜底安排、ClusterMAX 作为信用信号、每个 token 是否盈利等话题。
正文
"It's like a zombie apocalypse, but you don't know how many waves of zombies are coming."
H100 rental prices went up, on a GPU that should be sliding down its depreciation curve. That curve is what lenders underwrite, and there's $7 trillion of debt coming by 2029. @dnishball kicks off our new Compute Capital Markets group with @JordanNanos. Nvidia's backstops, ClusterMAX as a credit signal, whether each token is profitable and more.
来源：SemiAnalysis · x.com