Traders view H100 GPU rental prices at end of August as highly uncertain, with nearly identical implied probabilities across bins reflecting balanced supply and demand pressures. Cloud providers continue expanding H100 capacity while newer Blackwell and competing accelerators from AMD gradually enter service, potentially easing pricing on prior-generation hardware. Persistent demand from large language model training and inference workloads, however, supports utilization rates and prevents sharp declines. Upcoming enterprise commitments, reported utilization metrics from major platforms, and any shifts in AI development timelines represent the main catalysts that could tip the narrow ranges.