Vertical-cavity surface-emitting laser (VCSEL)-based transmission over multimode fiber (MMF) has achieved data rates of 100G per lane and is progressing towards 200G per lane. Recently, high-data-rate MMFs derived from OM3 and OM4 have been proposed. These fibers exhibit higher effective modal bandwidths at 910 nm, leading to a different wavelength dependence compared to conventional OM3 and OM4 MMFs. Understanding the wavelength dependence of these fibers is crucial to address their utilization in a broader range of applications. Through Monte Carlo simulations, we have obtained the low-end boundary of the effective modal bandwidths (EMBs) for these fibers, revealing capability improvements over the existing OM3 and OM4. The high-data-rate OM4 performs the same as or better than OM5 from 840 nm to 920 nm, while also showing a high bandwidth for the 850–870 nm wavelength window, favoring VCSELs with center wavelengths shifted toward 860 nm. We also obtained the link bandwidth, which includes both modal bandwidth and chromatic dispersion contributions, and the transmission reaches for various types of transceivers. We find that for both high-data-rate OM3 and high-data-rate OM4, the link bandwidth stays above the value at 850 nm until around 910 nm, delivering a similar transmission performance from 850 to 910 nm without declining towards longer wavelengths, unlike the standard OM3 and OM4. This characteristic favors a wider range of wavelength choices for VCSELs and enables optimal deployments for various applications.