Today · post October 11

Baker says B300 prices rose 38%; he holds related positions

Investor Gavin Baker, citing Silicon Data's "token index," says B300 prices are up 38% and B200 prices up 10% since May 31; we haven't confirmed whether the index measures rental prices or what its base is. He wrote: "Since the @Silicon_Data "token index," which captures both price and mix, peaked on May 31: B300 prices are up 38%, B200 prices are up 10%." (Gavin Baker, 2026-10-11) The index he cites looks at both prices and the mix of GPU models. B300 and B200 are the two data-center GPUs NVIDIA is shipping now; rental price means the hourly price of renting one GPU in the cloud. Silicon Data is a data company that publishes GPU rental-price indexes; his post doesn't say how this index ties to tokens. The post says the index peaked on May 31 and that B300 and B200 prices have risen since that day; it doesn't explain how prices can have risen since the index peaked. All we could find was the latest reading on Silicon Data's B300 index page, US$6.95 per GPU-hour; we found no late-May base, and we haven't confirmed that this page uses the same measure as the "token index" he cites. Baker founded the tech fund Atreides Management and holds related positions; his inference that a more fragmented model market favors those selling compute is his own. Read it as a soft signal that renting the newest GPUs is getting pricier, which changes the build-versus-rent math, until the index base is confirmed. How we checked →

Concept illustration: two graphics cards stand upright side by side on a shelf, a rust-red one lettered B300 on the left and a black one lettered B200 on the right. A beige tag with a grey bar hangs from the top-right corner of each card, and a white tent card with a green symbol and the lettering NVIDIA stands in front, between them. At the far left, a smartphone on a black stand shows a grey circle and grey lines on its screen, and a pale pink circle fills the background behind the right-hand card.

Source and checks

This item ran in the brief of Oct 12, 2026, alongside 13 other items. How we checked it, the quote checks and what was still missing that day are on that issue's How we checked page.

Cite this item

SecondSource (2026). "Baker says B300 prices rose 38%; he holds related positions." https://secondsource.io/en/news/2026-10-12-2/. Accessed access date.