Who gets paid when the AI build-out spends. Every vendor is scored out of 10 on four things we can check: the newest NVIDIA generation it will actually let you book, whether it publishes that price per GPU-hour, what capital band it is in, and whether NVIDIA has put its own money in. 58 price rows were read off the vendors' own pricing pages on November 9, 2026.
No forecasts, no analyst estimates. Where a vendor names a card but states no number, the row says so instead of carrying a guess — 5 rows here are exactly that.
What one B200 GPU-hour actually costs
Public price trackers quote a B200 hour at $3.00, $5.00, $5.83, $8.01 and $14.24. They are quoting different things and mostly not saying which. Here is every publishedB200 rate at its advertised tier, cheapest first — a spread of $6.25 to $9.65, which is 1.5×.
One row per vendor at its cheapest openly bookable rate. Drawn from the same file as the tables below, so the picture cannot drift from the numbers.
Vendor
Card as listed
Tier
Per GPU-hour
What the page says
Modal
B200
per second
$6.25
published as $0.001736/s
Lambda
HGX B200 (180GB)
on-demand
$7.69
takes effect 2026-11-16 00:00 UTC
Lambda
B200 SXM6 (180GB)
on-demand
$7.99
highest of four B200 instance tiers ($7.79-$7.99); effective 2026-11-16
fal.ai
B200
list
$7.99
as low as $5.49
RunPod
B200
secure cloud
$7.99
community cloud $5.98
Together AI
HGX B200
on-demand
$8.19
Published as a per-GPU-hour rate.
Nebius
HGX B200
on-demand
$8.50
Published as a per-GPU-hour rate.
CoreWeave
HGX B200
on-demand
$8.60
derived: $68.80 per 8-GPU instance
Verda (ex-DataCrunch)
B200 SXM6 180GB
on-demand
$9.14
Published as a per-GPU-hour rate.
Crusoe
B200 (180GB HGX)
dedicated endpoint
$9.65
rises to $10.20 on 2026-12-01
Spot, preemptible and community rates are cheaper again and are listed on each vendor's row below. They are not the same product: capacity can be reclaimed mid-run.
GPU cloud (neocloud)
The vendors that buy NVIDIA's chips and rent them back by the hour. They are first in line for every new generation, they are where NVIDIA has put the most of its own equity, and their prices are the clearest public signal of how tight supply is.
#
Vendor
Score
Newest bookable
Price published
Capital
NVIDIA equity
1
NebiusGPU cloud, Amsterdam; listed on Nasdaq as NBIS
10.00
Blackwell UltraNVIDIA HGX B300
Per GPU-hour
Listed
Disclosed stake
2
CoreWeaveGPU cloud, New Jersey; listed on Nasdaq as CRWV
Vast.aiMarketplace reselling other people's GPUs across 40+ datacentres
4.00
BlackwellNVIDIA B200
No list price
Undisclosed
None disclosed
Every vendor, and what its own page says
1
Nebius
10.00 / 10GPU cloud, Amsterdam; listed on Nasdaq as NBIS
Hardware & drivers
Blackwell Ultra — NVIDIA HGX B300. EU-headquartered, which is the side of the export-control line that sovereign-AI buyers in Europe are required to buy from.
Capital
Public company. Third-party write-ups cite $3.0bn ARR and a $17.4bn Microsoft contract; neither figure is taken from a filing here.
NVIDIA's own money
NVIDIA disclosed roughly a 9.3% stake in an SEC filing in July 2026, after a $2bn investment in March 2026.
Score
hardware 3 · published price 2 · capital 3 · NVIDIA 2
9.25 / 10GPU cloud, New Jersey; listed on Nasdaq as CRWV
Hardware & drivers
Blackwell Ultra — NVIDIA HGX B300 (spot) / GB200 NVL72. US-domiciled; the largest single beneficiary of NVIDIA allocation decisions among the listed neoclouds.
Capital
Public company. NVIDIA bought a further $2bn of its shares in January 2026.
NVIDIA's own money
NVIDIA holds a disclosed stake; 13F-based reports put it near 11%, earlier coverage at 9%. The two figures conflict and neither is reproduced here as settled.
Score
hardware 3 · published price 1.25 · capital 3 · NVIDIA 2
Card as listed
Tier
Per GPU-hour
Note
GB300 NVL72
on-demand
Not published
GB200 NVL72
on-demand
$10.50
derived: $42.00 per 4-GPU instance
HGX B300
spot
$4.48
derived: $35.84 per 8-GPU instance; on-demand is Contact sales
Blackwell — NVIDIA B200. Lists no B300, GB200 or H200 on its public price page, so its published fleet is a generation behind the listed neoclouds.
Capital
Closed a $1bn secured financing facility in October 2026. A next round at $12bn or more and a 2027 IPO are reported, not company-stated. Last disclosed equity round was $480m at about $2.5bn in February 2025.
NVIDIA's own money
NVIDIA took part in the Series D; its share was not disclosed.
Score
hardware 2.25 · published price 2 · capital 2 · NVIDIA 1.25
Card as listed
Tier
Per GPU-hour
Note
HGX B200 (180GB)
on-demand
$7.69
takes effect 2026-11-16 00:00 UTC
B200 SXM6 (180GB)
on-demand
$7.99
highest of four B200 instance tiers ($7.79-$7.99); effective 2026-11-16
7.50 / 10Serverless GPU compute, billed by the second
Hardware & drivers
Blackwell Ultra — NVIDIA B300. Sells compute by the second rather than by the cluster, so it is the least exposed to allocation politics and the most exposed to spot capacity.
Capital
Reported to have closed a $750m round at about a $15.75bn post-money valuation in October 2026, after $355m at $4.65bn in May 2026. Both are press reports, not company statements.
NVIDIA's own money
No NVIDIA equity disclosed.
Score
hardware 3 · published price 2 · capital 2 · NVIDIA 0.5
Card as listed
Tier
Per GPU-hour
Note
B300
per second
$7.10
published as $0.001972/s; the hourly figure is that times 3,600
B200
per second
$6.25
published as $0.001736/s
H200 SXM
per second
$4.54
published as $0.001261/s
H100 SXM5
per second
$3.95
published as $0.001097/s; Modal's own page uses $3.95/GPU-hr
Blackwell — NVIDIA HGX B200. Publishes a full preemptible and reserved ladder, which is the clearest public read on how tight Blackwell supply actually is.
Capital
Reported $800m Series C in July 2026 at an $8.3bn valuation, up from a $3.3bn valuation in February 2025.
NVIDIA's own money
NVIDIA is named among its investors in secondary coverage; no stake figure is disclosed.
Score
hardware 2.25 · published price 2 · capital 2 · NVIDIA 1.25
6.75 / 10Serverless GPU runners aimed at image and video models
Hardware & drivers
Blackwell Ultra — NVIDIA B300. Publishes a GB200 per-GPU rate, which most vendors mark Contact sales.
Capital
Raised $140m led by Sequoia at a $4.5bn valuation in December 2025; a $300-350m round at about $8bn was reported as in discussion in March 2026. Secondary sources, and they conflict with an earlier $1.5bn figure.
NVIDIA's own money
No NVIDIA equity disclosed.
Score
hardware 3 · published price 2 · capital 1.25 · NVIDIA 0.5
Card as listed
Tier
Per GPU-hour
Note
B300
list
$12.99
as low as $5.99 at volume
GB200
list
$9.99
as low as $5.89; one of the few published GB200 per-GPU rates
6.75 / 10GPU rental with a secure fleet and a cheaper community fleet
Hardware & drivers
Blackwell Ultra — NVIDIA B300. The only vendor here that prices datacentre and consumer cards on one page, so it shows what a GeForce card is worth per hour against a B300.
Capital
Reported $100m Series A led by Summit Partners in June 2026 at about a $1bn valuation; roughly $122m raised in total.
NVIDIA's own money
No NVIDIA equity disclosed.
Score
hardware 3 · published price 2 · capital 1.25 · NVIDIA 0.5
6.25 / 10European GPU cloud; datacrunch.io now redirects here
Hardware & drivers
Blackwell Ultra — NVIDIA GB300 SXM6. Publishes a per-GPU GB300 rate, which CoreWeave and Nebius both mark Contact sales. The domain change from datacrunch.io is not explained on the page.
Capital
No funding or valuation figure found in public reporting on the check date.
NVIDIA's own money
No NVIDIA equity disclosed.
Score
hardware 3 · published price 2 · capital 0.75 · NVIDIA 0.5
Hopper — NVIDIA H200. Lists no Blackwell card at all. Its H100 and H200 both cost $5.49, which is more than Nebius charges for a B200-class hour on preemptible capacity.
Capital
No 2026 round size or valuation found in public reporting on the check date.
NVIDIA's own money
No NVIDIA equity disclosed.
Score
hardware 1.5 · published price 2 · capital 0.75 · NVIDIA 0.5
4.00 / 10Marketplace reselling other people's GPUs across 40+ datacentres
Hardware & drivers
Blackwell — NVIDIA B200. Publishes no list price for any card: only relative claims (interruptible '50%+ cheaper', reserved 'up to 50% off'). Nothing here can be compared without logging in.
Capital
No funding or valuation figure found in public reporting on the check date.
NVIDIA's own money
No NVIDIA equity disclosed.
Score
hardware 2.25 · published price 0.5 · capital 0.75 · NVIDIA 0.5
Card as listed
Tier
Per GPU-hour
Note
B200
marketplace
Not published
named on the page with no price; rates are set by supply and demand
Out of 10, four components. The capital component uses bands rather than exact valuations on purpose: the secondary sources conflict, and a band survives the conflict where a figure would not.
hardware — up to 3
Newest NVIDIA generation the vendor lets you book, by its own card names: Blackwell Ultra (B300/GB300) 3, Blackwell (B200/GB200) 2.25, Hopper (H200/H100) 1.5.
transparency — up to 2
How the newest card is priced: a published per-GPU-hour rate 2, a per-instance price you must divide 1.25, no list price at all 0.5.
capital — up to 3
Capital reaching the vendor, in bands because secondary sources conflict on exact valuations: listed public company 3, $20bn+ 2.5, $5-20bn 2, $1-5bn 1.25, undisclosed 0.75.
nvidia — up to 2
NVIDIA's own money: a stake disclosed in an SEC filing 2, named investor with no figure 1.25, none disclosed 0.5.
A high score is not a buying recommendation. It says a vendor is deep in the build-out: newest silicon, open prices, real capital, NVIDIA alongside. Cheapest per hour is a different question, and the B200 table above answers it.
Sectors still to be scored
GPU clouds are scored first because their prices are published and move weekly. These sectors are next; they are listed here so the gap is visible rather than quietly omitted.
