Nvidia\'s H200 GPU rental prices have fallen about 40 percent over the past three weeks, a move seen as a possible sign that years-long GPU shortages are easing. The decline is linked to demand shifting to Nvidia\'s newer Blackwell series, while supply of older Hopper chips stabilises in the neocloud market. Some warn the scarcity premium supporting Nvidia’s valuation could fade faster. Wall Street remains upbeat, citing strong results and continued AI spending.

An October announcement that Nvidia would supply 260,000 GPUs to South Korea was seen as a diplomatic gain, but most supply is concentrated among large companies. About 20 percent is available for academia, research institutes and startups, with the government leasing capacity from cloud firms. The author argues AI demand is shifting toward low-latency inference, where domestic NPUs could be deployed, but cheap large-scale GPU supply could crowd them out. He calls for regional distributed inference hubs using idle public assets and local demand aggregation.