AI token spending remains flat while GPU prices climb, Puru Saxena notes

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24.10.2026

AI token spending remains flat while GPU prices climb, Puru Saxena notes — GPU rental costs up as AI token spend flat

GPU rental prices continue to increase despite AI token dollar spend in September being nearly unchanged, up just 0.2% month-over-month. Puru Saxena, an investment commentator and ex-fund manager, highlighted that this does not indicate weak demand, as token volume kept growing even as average unit prices fell. According to data from Vercel referenced by Saxena, token demand has soared, with spend up 1,180% since December.

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Saxena recently described a two-week period of heavy tech stock selling as resembling past market lows in a previous comment. He has also called the AI sector selloff linked to CoreWeave's capital structure illogical, suggesting fundamental stocks could rally, according to a separate observation. Both remarks reflect his ongoing focus on market reactions within the technology and AI sectors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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