{
  "_doc": "Generated by the SpotWire data engine. Do not edit by hand. SCHEMA NOTE: the per-index delta field was renamed wow_pct -> mom_pct (month-over-month, 28-day lookback); wow_pct has been removed and will not return. See https://spotwire.ai/methodology/changelog.",
  "as_of": "2026-07-11",
  "generated_at_utc": "2026-08-01T20:37:32.972288+00:00",
  "issue_no": 6,
  "scale": {
    "sources": 53,
    "verticals": 39,
    "weekly_comps": 3801,
    "skus": 192,
    "data_window_days": 730
  },
  "indices": [
    {
      "ticker": "SWCI",
      "name": "Compute",
      "components": "Legacy GPUs \u00b7 Servers \u00b7 Enterprise SSD \u00b7 Server DDR4 RDIMM \u00b7 Hyperscaler GPU rental \u00b7 HBM stress \u00b7 Frontier GPU OEM",
      "value": 112.12834001103548,
      "mom_pct": null,
      "yoy_pct": 20.56210533986762,
      "sparkline": [
        100.5582229934249,
        90.72420753757692,
        100.17446843989838,
        98.28064584496057,
        60.01294483290829,
        100.9019238188307,
        100.53344221290801,
        100.57195305835529,
        109.53473100389976,
        111.7800287315652,
        112.12834001103548,
        112.12834001103548
      ],
      "headline_sku": "n/a (no credible GPU comp this window)",
      "indicative": false,
      "data_through": "2026-07-11",
      "rebase_window_days": 84,
      "n_components": 7,
      "n_comps_used": 229,
      "component_values": {
        "gpu": null,
        "server": null,
        "ssd": null,
        "ram": null,
        "hyperscaler": 4.0,
        "hbm": 100.0,
        "frontier_gpu": 305112.28003664606
      },
      "component_n_comps": {
        "gpu": 0,
        "server": 0,
        "ssd": 0,
        "ram": 0,
        "hyperscaler": 98,
        "hbm": 5,
        "frontier_gpu": 126
      },
      "component_weights": {
        "gpu": 0.06,
        "server": 0.06,
        "ssd": 0.04,
        "ram": 0.04,
        "hyperscaler": 0.2,
        "hbm": 0.25,
        "frontier_gpu": 0.35
      },
      "component_source_tier": {
        "gpu": "tier_4_ebay_secondary",
        "server": "tier_4_ebay_secondary",
        "ssd": "tier_4_ebay_secondary",
        "ram": "tier_4_ebay_secondary",
        "hyperscaler": "tier_1_hyperscaler_api",
        "hbm": "tier_1_industry_research_and_filings",
        "frontier_gpu": "tier_2_integrator_channel_survey"
      },
      "source_mix": {
        "tier_1_pct": 0.325,
        "tier_2_pct": 0.35,
        "tier_3_pct": 0.125,
        "tier_4_pct": 0.2,
        "tier_5_pct": 0.0
      },
      "yoy_backfill_disclosed": true,
      "component_price_primitive": {
        "gpu": "ebay_transacted",
        "server": "ebay_transacted",
        "ssd": "ebay_transacted",
        "ram": "ebay_transacted",
        "hyperscaler": "cloud_quoted",
        "hbm": "stress_proxy",
        "frontier_gpu": "oem_list"
      },
      "component_source_structure": {
        "gpu": "secondary_market",
        "server": "secondary_market",
        "ssd": "secondary_market",
        "ram": "secondary_market",
        "hyperscaler": "multi_source_survey",
        "hbm": "multi_source_survey",
        "frontier_gpu": "multi_source_survey"
      },
      "gpu_condition_basis": "secondary_used_working",
      "frontier_node_value": 305112.28003664606,
      "frontier_per_accelerator_value": 44490.2918742534,
      "frontier_per_sku": {
        "as_8125gs_tnmr2_mi300x": {
          "node_median": 309896.0,
          "gpu_count": 8,
          "per_accelerator": 38737.0,
          "rack_scale": false
        },
        "as_a126gs_tnbr_gb200": {
          "node_median": 398312.0,
          "gpu_count": 4,
          "per_accelerator": 99578.0,
          "rack_scale": false
        },
        "bizon_x9000_b200_8gpu": {
          "node_median": 422771.2,
          "gpu_count": 8,
          "per_accelerator": 52846.4,
          "rack_scale": false
        },
        "bizon_x9000_h200_8gpu": {
          "node_median": 170114.52,
          "gpu_count": 8,
          "per_accelerator": 21264.315,
          "rack_scale": false
        },
        "exxact_ts4_b200_10u": {
          "node_median": 395048.5,
          "gpu_count": 8,
          "per_accelerator": 49381.0625,
          "rack_scale": false
        },
        "exxact_ts4_b200_8gpu": {
          "node_median": 413746.3,
          "gpu_count": 8,
          "per_accelerator": 51718.2875,
          "rack_scale": false
        },
        "exxact_ts4_h200_4gpu": {
          "node_median": 161427.2,
          "gpu_count": 4,
          "per_accelerator": 40356.8,
          "rack_scale": false
        },
        "exxact_ts4_h200_8gpu": {
          "node_median": 324984.0,
          "gpu_count": 8,
          "per_accelerator": 40623.0,
          "rack_scale": false
        },
        "exxact_ts4_mi300x_8gpu": {
          "node_median": 301042.5,
          "gpu_count": 8,
          "per_accelerator": 37630.3125,
          "rack_scale": false
        }
      },
      "frontier_n_sources": 3,
      "single_source_warning": false
    },
    {
      "ticker": "SWII",
      "name": "Interconnect",
      "components": "Networking eBay \u00b7 Transceiver eBay \u00b7 Ethernet optics survey \u00b7 InfiniBand survey \u00b7 DAC/AOC survey \u00b7 NVSwitch OEM",
      "value": 118.82,
      "mom_pct": 19.41,
      "yoy_pct": null,
      "sparkline": [
        102.54,
        102.54,
        102.54,
        120.68,
        96.17,
        102.38,
        97.87,
        99.51,
        108.25,
        102.91,
        90.05,
        118.82
      ],
      "headline_sku": "Cisco Catalyst 9300 (secondary)",
      "indicative": true,
      "data_through": "2026-07-11",
      "rebase_window_days": 28,
      "n_components": 6,
      "n_comps_used": 51,
      "component_values": {
        "networking_ebay": 388.2,
        "transceiver_ebay": 53.77,
        "fs_new_list": 100.0,
        "infiniband_fs": 100.0,
        "dac_aoc_fs": 100.0,
        "nvswitch_oem": 100.0
      },
      "component_n_comps": {
        "networking_ebay": 0,
        "transceiver_ebay": 0,
        "fs_new_list": 9,
        "infiniband_fs": 31,
        "dac_aoc_fs": 10,
        "nvswitch_oem": 1
      },
      "component_weights": {
        "networking_ebay": 0.15,
        "transceiver_ebay": 0.05,
        "fs_new_list": 0.15,
        "infiniband_fs": 0.3,
        "dac_aoc_fs": 0.15,
        "nvswitch_oem": 0.2
      },
      "component_source_tier": {
        "networking_ebay": "tier_4_ebay_secondary",
        "transceiver_ebay": "tier_4_ebay_secondary",
        "fs_new_list": "tier_2_channel_partner",
        "infiniband_fs": "tier_2_channel_partner",
        "dac_aoc_fs": "tier_2_channel_partner",
        "nvswitch_oem": "tier_2_integrator_channel_survey"
      },
      "source_mix": {
        "tier_1_pct": 0.0,
        "tier_2_pct": 0.8,
        "tier_3_pct": 0.0,
        "tier_4_pct": 0.2,
        "tier_5_pct": 0.0
      },
      "component_price_primitive": {
        "networking_ebay": "ebay_transacted",
        "transceiver_ebay": "ebay_transacted",
        "fs_new_list": "channel_list",
        "infiniband_fs": "channel_list",
        "dac_aoc_fs": "channel_list",
        "nvswitch_oem": "oem_list"
      },
      "component_vendor": {
        "networking_ebay": "ebay",
        "transceiver_ebay": "ebay",
        "fs_new_list": "interconnect_survey",
        "infiniband_fs": "interconnect_survey",
        "dac_aoc_fs": "interconnect_survey",
        "nvswitch_oem": "oem_integrator_survey"
      },
      "component_source_structure": {
        "networking_ebay": "secondary_market",
        "transceiver_ebay": "secondary_market",
        "fs_new_list": "multi_source_survey",
        "infiniband_fs": "multi_source_survey",
        "dac_aoc_fs": "multi_source_survey",
        "nvswitch_oem": "multi_source_survey"
      },
      "dominant_vendor": "interconnect_survey",
      "dominant_vendor_weight": 0.6,
      "vendor_concentration_warning": false,
      "interconnect_vendors": [
        "10gtek",
        "colfax",
        "fs",
        "qsfptek"
      ],
      "interconnect_vendor_comps": {
        "fs": 142,
        "qsfptek": 33,
        "10gtek": 28,
        "colfax": 11
      },
      "interconnect_component_diag": {
        "infiniband_fs": {
          "dominant_vendor": "fs",
          "dominant_share": 0.718,
          "n_vendors": 2
        },
        "dac_aoc_fs": {
          "dominant_vendor": "qsfptek",
          "dominant_share": 0.6,
          "n_vendors": 2
        },
        "fs_new_list": {
          "dominant_vendor": "fs",
          "dominant_share": 0.429,
          "n_vendors": 3
        }
      }
    },
    {
      "ticker": "SWPI",
      "name": "Power",
      "components": "Nationwide LMP \u00b7 Queue depth \u00b7 Backlog growth \u00b7 Lead-time \u00b7 BLS PPI",
      "value": 116.49,
      "weighted_lmp_per_mwh": 25.9,
      "mom_pct": -2.67,
      "yoy_pct": null,
      "sparkline": [
        119.71,
        119.61,
        119.61,
        119.61,
        119.61,
        117.65,
        118.57,
        118.45,
        119.65,
        115.32,
        115.34,
        116.49
      ],
      "headline_sku": "Diffusion index \u2014 5/5 components active",
      "indicative": false,
      "data_through": "2026-07-11",
      "rebase_window_days": 730,
      "n_components": 5,
      "n_components_used": 5,
      "n_comps_used": 2683,
      "component_values": {
        "lmp": 87.57,
        "queue_depth": 98.95,
        "backlog_growth": 167.52,
        "lead_time": 100.0,
        "ppi": 107.8
      },
      "component_n_comps": {
        "lmp": 1,
        "queue_depth": 2660,
        "backlog_growth": 5,
        "lead_time": 13,
        "ppi": 4
      },
      "component_weights": {
        "lmp": 0.1,
        "queue_depth": 0.3,
        "backlog_growth": 0.25,
        "lead_time": 0.2,
        "ppi": 0.15
      },
      "component_weights_used": {
        "lmp": 0.1,
        "queue_depth": 0.3,
        "backlog_growth": 0.25,
        "lead_time": 0.2,
        "ppi": 0.15
      },
      "component_source_tier": {
        "lmp": "tier_5_public_infrastructure",
        "queue_depth": "tier_5_public_infrastructure",
        "backlog_growth": "tier_3_edgar_filings",
        "lead_time": "tier_3_edgar_filings",
        "ppi": "tier_1_bls_ppi"
      },
      "source_mix": {
        "tier_1_pct": 0.15,
        "tier_2_pct": 0.0,
        "tier_3_pct": 0.45,
        "tier_4_pct": 0.0,
        "tier_5_pct": 0.4
      },
      "component_price_primitive": {
        "lmp": "iso_settlement_price",
        "queue_depth": "infrastructure_dataset",
        "backlog_growth": "edgar_filing_signal",
        "lead_time": "edgar_filing_signal",
        "ppi": "gov_price_index"
      },
      "component_source_structure": {
        "lmp": "multi_source_survey",
        "queue_depth": "multi_source_survey",
        "backlog_growth": "multi_source_survey",
        "lead_time": "multi_source_survey",
        "ppi": "single_authoritative_feed"
      },
      "iso_component_values": {
        "ercot": 25.9,
        "pjm": null,
        "spp": null,
        "miso": null,
        "caiso": null,
        "nyiso": null,
        "iso_ne": null
      },
      "methodology": "diffusion",
      "interpretation": "Value > 100 = grid more stressed than trailing 24-month baseline.",
      "v1_partial_fallback_used": false
    },
    {
      "ticker": "SWFI",
      "name": "Facility",
      "components": "T&M \u00b7 PLC \u00b7 PPI process instruments \u00b7 PPI HVAC \u00b7 EDGAR cohort sentiment \u00b7 CDW cooling channel",
      "value": 121.26,
      "mom_pct": 12.2,
      "yoy_pct": null,
      "sparkline": [
        113.3,
        111.37,
        112.52,
        120.23,
        124.12,
        116.77,
        111.72,
        110.64,
        116.74,
        117.21,
        121.26,
        121.26
      ],
      "headline_sku": "Composite \u2014 5/6 components active",
      "indicative": false,
      "data_through": "2026-07-11",
      "rebase_window_days": 730,
      "n_components": 6,
      "n_components_used": 5,
      "n_comps_used": 838,
      "component_values": {
        "tm_ebay": 154.01,
        "plc_ebay": 70.0,
        "ppi_process": 105.0,
        "ppi_hvac": 102.91,
        "edgar_sentiment": 165.14,
        "cooling": null
      },
      "component_n_comps": {
        "tm_ebay": 333,
        "plc_ebay": 433,
        "ppi_process": 24,
        "ppi_hvac": 24,
        "edgar_sentiment": 4,
        "cooling": 20
      },
      "component_weights": {
        "tm_ebay": 0.1,
        "plc_ebay": 0.1,
        "ppi_process": 0.2,
        "ppi_hvac": 0.2,
        "edgar_sentiment": 0.2,
        "cooling": 0.2
      },
      "component_weights_used": {
        "tm_ebay": 0.125,
        "plc_ebay": 0.125,
        "ppi_process": 0.25,
        "ppi_hvac": 0.25,
        "edgar_sentiment": 0.25
      },
      "component_source_tier": {
        "tm_ebay": "tier_4_ebay_secondary",
        "plc_ebay": "tier_4_ebay_secondary",
        "ppi_process": "tier_1_bls_ppi",
        "ppi_hvac": "tier_1_bls_ppi",
        "edgar_sentiment": "tier_3_edgar_filings",
        "cooling": "tier_2_channel_partner"
      },
      "source_mix": {
        "tier_1_pct": 0.4,
        "tier_2_pct": 0.2,
        "tier_3_pct": 0.2,
        "tier_4_pct": 0.2,
        "tier_5_pct": 0.0
      },
      "component_price_primitive": {
        "tm_ebay": "ebay_transacted",
        "plc_ebay": "ebay_transacted",
        "ppi_process": "gov_price_index",
        "ppi_hvac": "gov_price_index",
        "edgar_sentiment": "edgar_filing_signal",
        "cooling": "channel_list"
      },
      "component_source_structure": {
        "tm_ebay": "secondary_market",
        "plc_ebay": "secondary_market",
        "ppi_process": "single_authoritative_feed",
        "ppi_hvac": "single_authoritative_feed",
        "edgar_sentiment": "multi_source_survey",
        "cooling": "channel_single_vendor"
      },
      "methodology": "hybrid_spot_diffusion",
      "interpretation": "Combines spot eBay (T&M, PLC) with diffusion (PPI, EDGAR cohort sentiment)."
    }
  ],
  "featured": {
    "ticker": "SWCI",
    "sku": "NVIDIA A100 40GB PCIe",
    "metric": "weekly median, USD",
    "series": [
      {
        "m": "JUN",
        "y": "'25",
        "v": 8500
      },
      {
        "m": "JUL",
        "y": "'25",
        "v": 8200
      },
      {
        "m": "AUG",
        "y": "'25",
        "v": 7900
      },
      {
        "m": "SEP",
        "y": "'25",
        "v": 7400
      },
      {
        "m": "OCT",
        "y": "'25",
        "v": 6900
      },
      {
        "m": "NOV",
        "y": "'25",
        "v": 6500
      },
      {
        "m": "DEC",
        "y": "'25",
        "v": 6100
      },
      {
        "m": "JAN",
        "y": "'26",
        "v": 5700
      },
      {
        "m": "FEB",
        "y": "'26",
        "v": 5400
      },
      {
        "m": "MAR",
        "y": "'26",
        "v": 5200
      },
      {
        "m": "APR",
        "y": "'26",
        "v": 5050
      },
      {
        "m": "MAY",
        "y": "'26",
        "v": 4999
      }
    ],
    "annotation": {
      "at_index": 4,
      "label": "H100 hyperscaler ramp",
      "sublabel": "A100 secondary supply expands"
    },
    "n_listings": 1608,
    "yoy_pct": -41.2,
    "indicative": true,
    "data_source_note": "Indicative trend; from 2026-Q2 forward, points will derive from the SpotWire data engine's own GPU price history."
  },
  "bottlenecks": [
    {
      "value": "-41%",
      "unit": "A100 40GB PCIe, year-over-year",
      "tag": "SWCI \u00b7 Compute",
      "sub": "floor unknown"
    },
    {
      "value": "20+",
      "unit": "weeks \u2014 400G optic lead times",
      "tag": "SWII \u00b7 Interconnect",
      "sub": "was 8 weeks pre-2024",
      "source": "650 Group"
    },
    {
      "value": "5+",
      "unit": "years \u2014 ERCOT large-load interconnect queue",
      "tag": "SWPI \u00b7 Power",
      "sub": "and growing"
    },
    {
      "value": "30+",
      "unit": "weeks \u2014 Allen-Bradley ControlLogix lead times",
      "tag": "SWFI \u00b7 Facility",
      "sub": "was 6 weeks pre-2022",
      "source": "Rockwell investor disclosures"
    }
  ],
  "_schema_version": 1,
  "_frozen": {
    "month": "2026-07",
    "snapshot_date": "2026-07-11",
    "license": "CC-BY-4.0"
  }
}