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The three supporting readings tell you how much weight to put on the probability: confidence reflects category-level track record, stability tracks how the estimate has moved over time, models shows whether the four agree.
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Given the current economic conditions, including inflationary pressures and supply chain constraints affecting the semiconductor industry, there is insufficient evidence to predict a decline of more than 35% in GPU rental rates by 2026. Historical trends also show that while tech equipment prices can fluctuate, significant declines over 3-year periods have rarely exceeded 20-25%, as seen during the 2018-2021 GPU shortage and subsequent recovery period.
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While GPU supply will increase substantially in 2026, current utilization rates (70-85%) and robust enterprise demand for inference workloads suggest spot rates will decline only 10-25% rather than exceed 35%. Historical precedent shows >35% declines occur during demand shocks (2022 crypto crash), not during
2024-2025 saw 25-40% price drops at CoreWeave, Lambda, and Crusoe driven by H100 oversupply and 2.2M new Blackwell GPUs entering service by Q3-2025; however, sustained 35%+ declines in 2026 would require either hyperscaler capex cuts below the $180B annual run-rate or demand growth below 35% YoY, both of which contradict current Microsoft/OpenAI/Azure capacity bookings running at 92% utilization.