CME Group will launch the first futures market for computing power, turning the output of high‑end graphics processing units into a tradable asset. The contracts, tied to months‑old GPU orders that can swing sharply in price, let investors and tech firms bet on or hedge future compute costs. CME steps into a nascent commodity arena.

Demand for AI training chips has surged, with labs using Nvidia's A100, H100 and B200 GPUs to push large language models like ChatGPT and Anthropic’s Claude. As hyperscalers pour billions into AI infrastructure, price volatility has exploded. The new market offers a way to lock in costs before chips arrive for both corporate and institutional investors.

CME partners with Silicon Data, a DRW‑backed firm that supplies pricing indices for AI compute. Contracts will benchmark against Silicon Data’s indices, providing transparent pricing data. CEO Terry Duffy dubbed compute the new oil, noting its rapid emergence as an asset class. The launch targets a market worth billions, if not trillions, in trade volume.

Shares of leading chipmakers have surged amid AI spending. Intel, backed by the U.S. government, jumped over 200 percent; AMD doubled; Nvidia rose 17 percent. The futures platform could channel that capital into a formalized risk‑management tool, reshaping how tech firms and investors allocate resources for next‑generation AI workloads across global industries and markets today in 2025.