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Nvidia Extends AI Lead as Blackwell Drives Sales and 2026 Rubin Line Approaches

Wall Street maintains lofty targets, citing exceptional margins plus a fortress balance sheet.

Overview

  • Nvidia’s latest quarter delivered $57 billion in revenue with $51 billion from data centers and gross margins near 73.6%, reflecting sustained AI demand.
  • Blackwell GB300 accounts for roughly two-thirds of sales as major clouds report sold‑out supply, with networking growth tied to NVLink and Spectrum‑X.
  • Nvidia targets a 2026 rollout of the Rubin (Vera Rubin) platform featuring seven new chips, signaling another performance jump on the product roadmap.
  • The company ended the quarter with $60.6 billion in cash, about $22 billion in free cash flow, and low leverage with a 0.06 debt‑to‑equity ratio.
  • Analysts broadly rate the stock a Strong Buy with an average 12‑month target near $248, while gaming remains a tailwind with ~94% discrete GPU share and 30% revenue growth.