Trader sentiment for H200 rental prices at end-2026 centers on supply growth outpacing incremental AI demand, with current marketplace medians near $4 per GPU-hour reflecting expanded neocloud capacity and Blackwell B200 deployments. H200 remains favored for memory-intensive workloads thanks to 141 GB HBM3e, yet competitive pressure from higher-performance alternatives and hyperscaler discounts up to 45% cap upside. Recent volatility, including sharp short-term drops, stems from production ramps and provider differentiation on availability rather than raw pricing. Key swing factors include inference scaling from new large language models and any delays in next-gen hardware, leaving the $3.50–$5.00 band as the market's clearest consensus zone amid balanced but uncertain conditions.