Trader consensus on H200 rental prices at end-2026 reflects balanced uncertainty between sustained AI demand and expanding supply. Hyperscalers continue scaling large language model training and inference clusters, supporting higher rates, while NVIDIA ramps Hopper production and competitors like AMD’s MI300 series plus custom accelerators from Google and Amazon gain traction. Power constraints, data center build delays, and potential efficiency gains from software optimizations add downward pressure. The tight spread across $4.50–$7.50+ brackets highlights how near-term factors—chip availability, energy costs, and adoption curves—could shift outcomes, with traders weighing real capital against rapid industry changes.