Traders see the $2.60-$2.90 band as the clear landing zone for typical H100 80GB on-demand and short-term rental rates at the end of July 2026 because neo-cloud marketplaces and competitive providers have held median pricing steady near $2.77 after an earlier rebound. Sustained inference demand for large language models has offset growing supply from cumulative NVIDIA shipments, while 1-year contract indices and broader medians settled in the mid-$2 range rather than retesting sub-$2 lows or climbing toward hyperscaler premiums above $7. This skin-in-the-game consensus reflects observed stability across platforms through late July. A sudden wave of new model training runs or unexpected supply-chain delays could push rates higher, while accelerated Blackwell adoption or sharp demand contraction might compress them below the band.