· 供应链分析
与 $MSFT 的对比有些偏差，但 H100 的标准化处理虽然带有推测性，应该更稳健。 我使用了整个投资组合的混合估算值，例如芬兰设施（Mantsala），那里的数据中心租赁费实际上为 $0（仅包含折旧摊销+运营支出）。当他们从 DataOne 租赁美国设施（新泽西州 Vineland）时，我对其进行了平均处理。 正如其他人指出的那样，仅就 $MSFT 的交易而言，租赁成本可能要高得多，接近每兆瓦 $180万-$220万的市场价格。 $NBIS / $MSFT 的合作不仅限于 H200。GB200/B300 也在路线图之中。我当时正在对比 H200、H200 和其他 GPU，最后顺手加上了这个。可惜帖子发晚了没法编辑。 感谢大家的提问。
The $MSFT comparison is off but the h100 normalization, while speculative, should be more robust. I used a blended estimate of entire portfolio eg. Finland facility (Mantsala), where colo rent is effectively $0 (just D&A + OpEx). When they lease the US facility (Vineland, NJ) from DataOne and I averaged it. For the $MSFT deal only, the lease cost is likely much higher closer to market rates of $1.8M-$2.2M per MW as someone else pointed out. $NBIS / $MSFT is not limited to H200. GB200/B300 is on the roadmap too. I was doing comparisons with H200, H200, and other GPUs and threw that in at the end. Too late to edit the post though. Appreciate the questions.