Overview
- Nvidia says its Vera Rubin platform is in full production, with first shipments expected in the second half of 2026 and early installations anticipated at Microsoft, Amazon, Alphabet, Oracle, and CoreWeave.
- Orders are reported for more than 2 million H200 chips—about $54 billion at roughly $27,000 each—though Reuters reports Beijing has asked some firms to pause purchases while it weighs domestic procurement, and Nvidia plans to resume China sales later in 2026 with upfront-payment terms.
- The company cites proprietary data indicating Rubin can cut AI inference cost per token by up to 90% versus Blackwell, and it highlights new 800-volt power requirements that will push broader data-center upgrades.
- Management and analysts describe a 2026 backlog exceeding $500 billion across Blackwell, Rubin, and networking products, with Blackwell supply reported sold out and capacity constraints still shaping availability.
- Shares recently traded near $185 for a market value around $4.6 trillion, as Piper Sandler ($225 target) and Stifel ($250) reiterated bullish ratings and some forecasts point to profits that could support a valuation above $6 trillion if achieved.