In recent months, the spot prices of various GPUs on cloud computing platforms have been steadily rising. Interestingly, this period coincides exactly with the most intense skepticism about the AI bubble.

There is a logical contradiction worth pondering—those bearish commentators previously predicted that due to oversupply in the market and the淘汰 of older chips, rental prices should have been declining steadily. But the reality has not followed this pattern. Instead, prices are climbing, and the market's demand for computing power still seems quite strong.

Is this a bubble or genuine demand? There is no definitive answer to this question right now. However, looking at GPU prices as a barometer, the market's appetite for computing resources has certainly not cooled down.