Renting an Nvidia H100 for an hour costs whatever your supplier says it costs. There is no published price. Two companies buying identical capacity can pay very different rates, and neither of them will know.
That changes on 5 October. CME Group, the exchange that lists crude oil and corn, will start trading two futures contracts tied to the hourly rental price of Nvidia chips, subject to regulatory review.
Each contract represents one month’s rent for a single GPU, CNBC reported. One tracks the H100, the chip most AI systems run on today. The other tracks the Blackwell B200 that succeeds it.
It is a small product with a large implication. The input every AI company depends on is about to get a public reference price, and a forward curve showing what traders think that price will be next year.
What is actually being traded
