Overview
- Nvidia says Rubin is in production with first systems expected to ship in the second half of 2026.
- Management reports a 2026 sales backlog exceeding $500 billion across Blackwell, Rubin and networking products, and Blackwell capacity is effectively sold out.
- Orders for more than 2 million H200 chips—roughly $54 billion—have been reported, and Reuters says Chinese authorities asked some firms to pause purchases.
- Rubin is described as cutting inference cost per token by up to about 90% versus Blackwell and adopting an 800‑volt power architecture that will require data‑center upgrades.
- Stifel, Piper Sandler and J.P. Morgan reiterated bullish views, with Piper naming Nvidia the top 2026 data‑center pick and Wall Street forecasts calling for roughly 50% revenue growth next year.