New got more expensive. Used mostly did not.

Across the Ada, workstation and consumer cards, new and refurbished asks rose this month while used prices barely moved. New RTX 3090 rose 37 percent to $2,399 and refurbished 33 percent to $1,899, while the used read rose 3.5 percent to $940. New RTX 6000 Ada rose 20 percent to $9,599 against a used read unchanged at $5,700. New L40S rose 17 percent to $10,464.10 and new L4 20 percent to $5,375. New RTX 4090 rose 11 percent to $4,649 while used rose 6 percent to $2,499.99. The verified sold averages we track rose too, but by less: RTX 4090 to $2,252 and RTX 3090 to $940. We cannot tell you from listings alone why the new tier moved, but it is consistent with a memory market Micron just reported at record revenue and margin, because memory is a large share of what these cards cost to build.

Our secondary read for the A100 PCIe 80GB rose to $16,999, in a $12,550 to $18,879 band, from $12,550 last month. Fresh used asks landed at $16,999 to $18,879 while the cheaper asks behind last month's figure aged. Over the same month the new-condition A100 80GB read fell to $26,000. The used A30 read rose the same way, to $2,250. This is the month Nvidia argued in public that a six-year-old A100 is still worth about a quarter of what it cost, citing third-party resale data, and that CoreWeave has extended bookings on 2020-vintage units through 2029. Lenders are acting on the same idea: Sharon AI and Lambda raised more than $1.3 billion of debt secured by their GPUs in the window.

Every Hopper read we publish is unchanged this month. Used H100 PCIe 80GB stays at $32,290, used H200 NVL at $32,900, and H100 NVL at $29,999. That is not for lack of looking: the live H100 NVL and H200 NVL listings we re-checked held their prices. The one Hopper move was on the new side, where H100 PCIe new rose 5 percent to $30,970.79, which leaves used H100 still priced slightly above new for a second month. Rubin entering full production has not yet pushed Hopper into the secondary channel in volume, and with no change to China export policy, the H200 that is not shipping east is not showing up on dealer shelves either.

On the Ada and consumer cards the discount widened because the new tier rose: L40S went from 24 to 35 percent below new, RTX 6000 Ada from 29 to 41 percent, and RTX 3090 from 48 to 61 percent. On the A100 80GB it narrowed sharply, from 57 to 35 percent, because the used price rose and the new price fell. L4 narrowed too, on a higher used ask. One published read moved for a different reason, and we would rather say so than let it look like a price cut. RTX A6000 now has enough used-grade listings to publish a used read directly, at $3,962.32, where last month it was a blend of used and refurbished at $4,799.94. The grade changed, not the card.

On October 1 the Justice Department announced the arrest of the owner of a California computer company, accused of shipping more than $300 million of export-controlled servers to China through Malaysia and Singapore. Prosecutors say he and his co-conspirators gave US manufacturers false documentation about who the end users were. Court documents described by The Register say the servers carried A100, H100, RTX 4090 and RTX 5090 GPUs. It is the second month running that the enforcement story is genuine hardware moved on false paperwork, and this time the alleged conduit was a US reseller. A September C4ADS report traced the same pattern through bundled contracts and uncredentialed intermediaries.