Nvidia's Vera Rubin Ships; CPU Market Push Begins — SkimNews
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- Nvidia posted 106% revenue growth to $96 billion and 126% profit growth to $59 billion in its most recent quarter, with data center revenue of $89 billion accounting for the bulk of the total.
- Vera Rubin, Nvidia's next-gen platform, entered production shipments and is expected to represent 20% of data center revenue in the third quarter, while also marking Nvidia's first push into the stand-alone CPU market.
- Nvidia issued its first annual forecast, projecting 70% year-over-year revenue growth for fiscal year 2028 (beginning early 2027).
- AMD, Intel, and Micron Technology have each posted triple-digit stock gains year-to-date, outpacing Nvidia's roughly 20% rise as investors rotate into other AI chip plays.
- U.S. restrictions blocked Nvidia's chip sales to China in April 2025; though Washington has since given the go-ahead, Nvidia still has not reentered that market, making any Sept. 10 commentary a key data point.
- Tight memory supply and higher prices remain an ongoing headwind for Nvidia, and the company's top five customers' capital expenditures are forecast to reach $1.3 trillion next year.
Why it matters: Investors will parse Nvidia's Sept. 10 remarks for Vera Rubin ramp pacing, CPU ambitions, memory cost pressure, and any China reopening hints. The overlooked angle: Nvidia's ~20% YTD stock gain trails AMD, Intel, and Micron's triple-digit rises, so management's tone on growth durability versus cheaper AI peers carries real weight for closing that narrative gap.
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