Strong AI demand continues to support A100 utilization even as Blackwell GPUs ramp up, with current on-demand medians clustered near $1.50–$1.95 per GPU-hour across providers and spot rates often $0.60–$1.00. Recent data show modest upward pressure in select markets (e.g., short-term premiums and 2–8% monthly gains in tracked indices) alongside high price dispersion that keeps lower-cost listings available. Traders appear to price in limited new A100 supply, steady spillover from cost-sensitive inference and fine-tuning workloads, and no major capacity surge before year-end. Key near-term catalysts include any additional data-center expansions or large-model training announcements that could tighten or ease availability by late November.