MiniMax M2.5/M2.7 — H200 vs MI325X Performance per Dollar
Cost per million tokens of H200 (NVIDIA Hopper) versus MI325X (AMD CDNA 3) on MiniMax M2.5/M2.7. Owning-hyperscaler TCO normalized by output tokens — performance per dollar across LLM workloads. Pick the more cost-efficient SKU at every target interactivity level. Use the chart controls below to switch sequences, precisions, and metrics — same interactions as the main inference chart.
Near the low end of the 27–104 tok/s/user interactivity band — at 46 tok/s/user — H200 runs $0.24 per million tokens on MiniMax M2.5/M2.7 while MI325X runs $0.19. MI325X is the cheaper choice by 30%.
On MiniMax M2.5/M2.7 at 65 tok/s/user, the per-million math comes out to $0.44 for H200 and $0.40 for MI325X; MI325X delivers 10% more output per dollar.
At 85 tok/s/user on MiniMax M2.5/M2.7, H200 costs $0.69 per million tokens; MI325X costs $0.94. H200 is 37% more cost-efficient at this operating point. (Numbers reflect the default 1k/1k · fp8 selection for this URL — table and chart below update if you change sequence, precision, or model in the controls.)
Chip pricing (owning hyperscaler): H200 $1.22/chip/hr · MI325X $1.10/chip/hr. Source: SemiAnalysis Market July 2026 Pricing Surveys & AI Cloud TCO Model.
| Metric | Interactivity (tok/s/user) | Interactivity (tok/s/user) | Interactivity (tok/s/user) |
|---|---|---|---|
| Dollar per Million Tokens | H200:$0.241MI325X:$0.186 | H200:$0.444MI325X:$0.404 | H200:$0.689MI325X:$0.941 |
| Concurrency | H200:~62MI325X:~147 | H200:~25MI325X:~38 | H200:~12MI325X:~16 |
Inference Performance
Agentic inference metrics from the AgentX scenario and fixed-sequence inference metrics across models, hardware configurations, and serving parameters.
Cost per Million Total Tokens (Owning - Hyperscaler) vs. Interactivity
MiniMax M2.5/2.7 230B • FP4 • 8K / 1K • Source: SemiAnalysis InferenceX™
TCO $/chip/hr: H100: 1.17H200: 1.22B200: 1.73B300: 2.26GB200: 1.86GB300: 2.31MI300X: 0.95MI325X: 1.1MI355X: 1.5RTX6000PRO: 0.68
Source: SemiAnalysis Market July 2026 Pricing Surveys & AI Cloud TCO Model
Note: Disaggregated inference configurations (e.g., MoRI SGLang, Dynamo TRTLLM) calculate cost per million tokens per decode chip or per prefill chip, rather than per total chip count. This makes direct token cost comparison with aggregated configs not an apples-to-apples comparison.
Note: Disaggregated inference configurations (e.g., MoRI SGLang, Dynamo TRTLLM) calculate input throughput per decode chip or per prefill chip, rather than per total chip count. This makes direct input throughput comparison with aggregated configs not an apples-to-apples comparison.
Note: Disaggregated inference configurations (e.g., MoRI SGLang, Dynamo TRTLLM) calculate output throughput per decode chip or per prefill chip, rather than per total chip count. This makes direct output throughput comparison with aggregated configs not an apples-to-apples comparison.
Note: Disaggregated inference configurations (e.g., MoRI SGLang, Dynamo TRTLLM) calculate power per decode chip or per prefill chip, rather than per total chip count. This makes direct power comparison with aggregated configs not an apples-to-apples comparison.
Note: Disaggregated inference configurations (e.g., MoRI SGLang, Dynamo TRTLLM) calculate Joules per decode chip or per prefill chip, rather than per total chip count. This makes direct Joules per token comparison with aggregated configs not an apples-to-apples comparison.
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