Overview
- CEO Jensen Huang introduced the Vera Rubin AI platform at CES, touting performance improvements of up to roughly 10x on select metrics and an accelerated annual release cycle.
- UBS reaffirmed a Buy rating and pointed to potential upward estimate revisions for 2026 and 2027 as Rubin enters production and is expected to ramp in the second half of 2026.
- Bank of America maintained its Buy view, citing Nvidia’s leadership across AI compute and highlighting the company’s push into physical AI, including Alpamayo for Level 4 autonomy in select U.S. Mercedes-Benz vehicles starting in Q1 2026.
- Demand remains tight with Blackwell-generation GPUs reported as sold out, while interest from China persists for H200 chips but shipments hinge on export licensing.
- Investor positioning is mixed as Peter Thiel’s fund exited Nvidia in Q3, and competitive pressure from hyperscalers’ in-house silicon and rivals such as AMD and Broadcom continues to inform valuation debates.