Nvidia H100 rental rates rise after Burry depreciation claim

The accounting fight matters because many tech firms have been spreading the cost of Nvidia GPUs over six years, while Burry argues the life span should be closer to two or three years. If the hardware keeps generating revenue for far longer, depreciation charges are not flattering earnings — they may still be too conservative.

For investors, that supports the case that demand for Nvidia’s installed base remains strong even as buyers shift to Vera Rubin and Blackwell. It also reinforces the view that older chips retain resale and rental value, a key signal for the economics of AI infrastructure and for the cloud, neocloud and data-center operators who have spent heavily on Nvidia systems.

Nvidia shares were last around $218.36, down 2.5% in the latest session, but still above the 50-day moving average of $211.94 and well above the 200-day average of $196.91. The broader market was softer too, with the S&P 500 ETF closing at 757.83 and Adalytica’s S&P 500 trade signals showing “Extreme Fear,” even as Nvidia’s own Adalytica earnings sentiment remained in “Extreme Greed.”

The bigger takeaway is that the AI trade is still being supported by hard asset utilization, not just narrative. If older Nvidia GPUs keep commanding higher rents years after launch, Burry’s short thesis on overstated chip life becomes harder to sustain — and investors will watch upcoming AI spending and earnings updates to see whether this pricing strength persists.