Nvidia delayed the mass rollout of its next-generation Vera Rubin AI platform. KeyBanc Capital Markets analysts reported the shift following supply chain checks in Asia.
Thermal lid issues and HBM4 memory qualification delays from SK Hynix caused the setback. Engineers have already resolved the thermal lid complications.
KeyBanc expects Rubin shipments to begin ramping up in July. Nvidia will increase shipments of current-generation Blackwell chips to offset the delay.
KeyBanc raised its price target on Nvidia despite the production changes. Analysts maintain a positive outlook on the company's long-term growth.