Nvidia's memory costs soar 485%, latest AI systems now cost $7.8 million to build — memory now comprises 25% of the total cost, Rubin GPUs a mere $50,000 apiece

Morgan Stanley estimates Nvidia’s upcoming Vera Rubin VR200 NVL72 rack will cost about $7.8 million per unit.

That is nearly double the roughly $4 million price of the current GB300 NVL72 rack.

Memory is expected to make up about $2 million, or 25% of the total system cost.

The jump is being driven by heavier use of LPDDR5X and 3D NAND, plus high-priced Rubin GPUs and Vera CPUs.

The estimate highlights rising AI infrastructure costs for hyperscalers and Nvidia customers.