Overview

• Nvidia’s AI hardware backlog remains longer than a quarter despite a busy Blackwell ramp, and the company says its Rubin CPX chip is on track for late-2026.
• Oppenheimer kept Nvidia as a top pick and JPMorgan reiterated Overweight, though voices like Dan Niles flagged a recent data-center revenue miss as a caution.
• Oracle forecast a 700% jump in cloud revenue over three fiscal years, lifting shares even as its price-to-estimated earnings multiple neared dot-com-era levels.
• Reuters reported Alibaba and Baidu have begun training select models on in-house chips, yet they still rely on Nvidia for their most advanced workloads.
• Rising AI workloads continue to boost hyperscale clouds, with Google Cloud renting capacity to AI developers and AWS posting double-digit growth and outsized profits.