Pre-Market Brief: a sample from stored data

1 · COMPUTE PRICE BOARD

$/GPU-hour, on-demand list prices by provider class

Public Rate Card Composite: median of published list prices by provider class. The composite column is the median across all classes; hyperscaler premium is the hyperscaler median over the neocloud median, less one (calc.). The basis against licensed rental benchmarks and the term grid are in Plus.

As of 14 Oct 2026. Source: Compute Terminal Public Rate Card Composite, from providers' published on-demand list prices — advertised prices, not transaction prices. Not investment advice.

2 · THE UNIVERSE

The universe by basket

Prices at the 14 Oct 2026 close. Source: exchange closes; basket averages are equal-weighted and calculated by Compute Terminal (calc.). Not investment advice.

Names by basket

A name may sit in more than one basket. Names pending listing are tracked but excluded from returns until their first trading day; 1 listed names are awaiting their first stored close.

Closes in each listing's own currency at the 14 Oct 2026 close. Source: exchange closes. Not investment advice.

Options pulse

3 · NEWS BY NAME

The latest company headlines

Headlines only in this public sample. Subscribers see each item's key numbers, our summary, its original publishers and sentiment deltas by name.

4 · GLOBAL AI DATACENTRE DIGEST

The latest sector items

• Supply chain3C merges with Datalec to form a liquid-cooling and services platform with more than $400m revenue 14 Oct single source
• EPC and constructionABC: contractors with data-center work report 11.3 months of backlog 14 Oct single source
• Chips, HBM and export controlsASML: proposed MATCH Act ban on DUV immersion tools to China would backfire 14 Oct
• Policy, moratoria and regulationBlackRock's Fink: "If we have a moratorium… we will be in a recession" 14 Oct single source
• FinancingsCoreWeave falls 13–15% as its 2032 unsecured bond yield hits a record 14.5% 14 Oct
• FinancingsData-center ABS issuance reached $38.4bn by August, against $24.1bn a year earlier 14 Oct single source
• Hyperscaler capex and leasesDell'Oro: data-center physical infrastructure (DCPI) market +27% y/y to $14bn in 2Q26 14 Oct
• Sovereign AI programmesEU InvestAI (€20bn) has drawn 77 gigafactory proposals across 16 member states 14 Oct
• Macro and ratesHot September CPI 14 Oct
• Chips, HBM and export controlsJPMorgan: memory shortage about 20% in 2026, 19% in 2027 and 15% in 2028 14 Oct single source
• Sovereign AI programmesNvidia commits $250m of compute over 5 years to UK AI-safety research 14 Oct
• EPC and constructionNY Fed's Williams: AI demand is pushing up chip costs and construction labour costs 14 Oct single source
• Power deals, PPAs, grid and interconnectionPennsylvania PUC study finds a PJM shortfall of 6.8GW 14 Oct single source
• Policy, moratoria and regulationPolitico: local opposition has stalled or cancelled at least 157 US data-center projects 14 Oct single source
• EPC and constructionUS construction labour deficit of 349k in 2026, rising to 456k in 2027 (ABC) 14 Oct

15 of 84 stored sector headlines shown, newest first. The subscriber edition carries each item's GW, MW or dollar figure and links to its sources; key numbers and sources are not in this public sample.

5 · CATALYSTS

On the calendar

• 20 Oct 2026 — CFTC request for comment on compute derivatives closes (docket CFTC-2026-1850). Comments close 20 Oct 2026. Source
• 9 Nov 2026 — CME H100 and B200 rental-index futures (GPU1, GPU2). Pending — CFTC review extended to ~9 Nov 2026. Source
• 12 Nov 2026 — EU AI Gigafactories call closes (up to 7 sites, >€30bn). Call closes 12 Nov 2026. Source

Calendar as of 14 Oct 2026. Compute-futures venues are shown by their regulatory status; each item links to its source. Source: Compute Terminal Catalyst Calendar. Not investment advice.

6 · WATCH

Instrument headline readings

• Compute Price & Basis Heatmap — H100 on-demand composite, $/GPU-hour:
  $5.33/GPU-hr

  Compute Terminal Public Rate Card CompositeAs of 14 Oct 2026Source
• Catalyst Probability Matrix — events in the next 30 days:
  3

  Compute Terminal Catalyst CalendarAs of 14 Oct 2026Source
• Compute Markets Monitor — venues trading compute futures:
  0

  Compute Terminal venue-status tableAs of 14 Oct 2026Source

The watch line in the subscriber brief names only the instruments whose reading moved since the previous session; this sample lists the current public headline readings. 8 of 11 instruments have no stored reading yet.

7 · DISCLOSURE

Disclosure line

Research for information only. Not investment advice. Compute Terminal is subscriber-funded and publishes the same calls to every tier at the same time. Intended for professional and sophisticated investors where receipt of such research is lawful. Holdings of the publisher and its principals in covered names are listed in the conflicts and disclosure policy.