macrostack

NVIDIA · Hopper · Layer 2

NVIDIA H200

The value tier now that Blackwell is shipping. Widely available on every GPU cloud, which H100 scarcity once made untrue.

rent Rentable by the hour from multiple clouds; purchasable at scale.

Specifications

Memory
141 GB HBM3E
Bandwidth
4.8 TB/s
Compute
Hopper-generation FP8
Power
700 W
Interconnect
NVLink 4
Software
CUDA
Form factor
accelerator
Workload
both

Verified 2026-09-09. Fields reading “not published” are exactly that — we do not estimate a figure a vendor withholds.

The catch

A generation behind on throughput per watt, which matters more every quarter as power becomes the constraint rather than capital.

The economics

The price per GPU-hour has fallen hard as Blackwell landed. For inference on models that fit in 141 GB this is often the cheapest sane option.

Cost per million tokens is the metric that decides most real purchases, and there is no neutral benchmark for it — every published figure comes from a company selling one side of the comparison. Read all of them, ours included, as claims rather than measurements.

The power question underneath this

A rack of frontier accelerators draws 120–200 kW against a 2026 average of about 27 kW, and the US grid interconnection queue exceeds 2,600 GW with waits approaching five years. Whether you can energise this part is now a harder question than whether you can buy it.

Layer 1 — Energy · The interconnection queue · Rack power density · Tokens per watt

Where you actually rent this

Choosing the part is the easy half. The same accelerator rents for wildly different money depending only on who you rent it from — the cheapest and dearest published on-demand price for an H100 sit 5.6× apart — and the provider, not the chip, is what decides whether you can leave later.

Layer 2.5 — Compute providers · The GPU cost calculator · H200 rental prices, every company

Compared against

Related silicon

Want this whole layer as one table?

The accelerators on these pages as a single CSV — memory, bandwidth, compute, power, interconnect, software stack, availability, who each part is for and the catch — ready to sort, filter or load into a notebook.

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