# SemiAnalysis releases ClusterMAX 3.0 rating 77 GPU cloud providers

Digest AI · Research · published 2026-09-23T21:20:29Z

Canonical: https://digestai.news/story/semianalysis-releases-clustermax-3-0-rating-77-gpu-cloud-providers

## Summary

SemiAnalysis published ClusterMAX 3.0, a rating of GPU cloud (neocloud) providers. The report covers 77 providers, expanding its market view to 323 providers, up from 209, 169, 124 in previous versions. Over 200 end‑user interviews were conducted, and the methodology tests 32 GPUs per provider, high‑bandwidth networking, storage, orchestration, monitoring, and support.

The tier list places CoreWeave and Nebius together in the Platinum tier, while Google Cloud joins Oracle in Gold. Azure moves to Silver, Fluidstack is marked Unavailable, Crusoe drops to Bronze, and several others shift down. Only 19 providers achieve a Medallion rating, and a new Participation Ribbon tier holds 15 providers that meet minimal criteria.

The report also discusses financing trends, the dominance of frontier labs such as OpenAI and Anthropic, and the growing importance of managed clusters despite labs building their own stacks. SemiAnalysis announces hiring for MTS and other roles to support future ClusterMAX work.

## Key points

- ClusterMAX 3.0 evaluates 77 providers, expanding market view to 323 providers (up from 209, 169, 124).
- Nebius joins CoreWeave in Platinum tier; Google Cloud joins Oracle in Gold tier, Azure moves to Silver.
- Only 19 neoclouds receive Medallion rating; 15 providers placed in new Participation Ribbon tier.

## Why it matters

The rating influences AI labs' choice of managed GPU clouds, affects financing decisions, and signals provider reliability across the fast‑growing AI compute market.

## Sources

1. [ClusterMAX 3.0: The Industry Standard GPU Cloud Rating System Returns](https://newsletter.semianalysis.com/p/clustermax-30-the-industry-standard) (SemiAnalysis, 2026-09-23)

## Cite

Digest AI, "SemiAnalysis releases ClusterMAX 3.0 rating 77 GPU cloud providers", 23 September 2026, https://digestai.news/story/semianalysis-releases-clustermax-3-0-rating-77-gpu-cloud-providers

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