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Nvidia’s AI Lead Faces Fresh Tests as Rubin Enters Production and Wall Street Stays Bullish

Analysts now point to a 2026 earnings lift tied to a second‑half Rubin ramp.

Overview

  • At CES, Nvidia said its Vera Rubin platform is in production with a ramp planned for the second half of 2026, adding six new AI chips and a pooled context memory storage system.
  • Nvidia reported a record Q3 FY26 with $57 billion in revenue, including $51.2 billion from data centers, as Blackwell and cloud GPUs remain effectively sold out.
  • Bank of America and UBS reaffirmed Buy ratings after CES, highlighting Nvidia’s leadership across compute, networking and software and flagging potential EPS upside into 2027.
  • TSMC projected a mid‑40% CAGR for AI chips and is expanding advanced‑node capacity, underscoring ongoing constraints that shape accelerator supply and pricing.
  • Competitive pressure is rising as Broadcom’s custom AI accelerators win designs and AMD targets inference and cloud opportunities where Nvidia supply is tight, alongside hyperscalers’ in‑house silicon.