Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

The Great AI Arbitrage: Plunging Token Prices Meet Surging Capex

What NVIDIA Has to Commit to Deliver 70% Growth

The Perishable Rack: AI Capex as an Inventory Cycle

NVIDIA Q2 2027. 2028 Supply Cannot Meet The Demand Jensen Is Paying To Create

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Thematic (Sector/Industry)

United states Semiconductors and semiconductor equipment / Thematic (Sector/Industry)

<ul>
<li>CME’s GPU futures could make compute-price risk hedgeable, but standardised contracts will still leave material basis risk across clusters, customers and service bundles.</li>
<li>Relative H100/B200 pricing may help separate broad oversupply from technological substitution, making the economic decay of older GPU capacity easier to observe.</li>
<li>The net read is bearish for GPU-capacity owners: hedging may improve financing, but more visible obsolescence and increasing capacity pressure rental economics.</li>
</ul>


CME’s GPU futures could make compute-price risk hedgeable, but standardised contracts will still leave material basis risk across clusters, customers and service bundles.
Relative H100/B200 pricing may help separate broad oversupply from technological substitution, making the economic decay of older GPU capacity easier to observe.
The net read is bearish for GPU-capacity owners: hedging may improve financing, but more visible obsolescence and increasing capacity pressure rental economics.


Compute Futures and the Market Price of GPU Obsolescence