Jen-Hsun Huang: Nvidia’s quarterly revenue approaches US$100 billion, Rubin Ultra architecture not delayed

IT House reported on July 13 that Nvidia (NVIDIA) CEO Jen-Hsun Huang appeared at a non-deal roadshow held by Morgan Stanley in California last week. Together with senior executives such as Chief Financial Officer Colette Kress, he sent a clear signal to institutional investors: Although the company’s quarterly revenue is approaching US$100 billion (IT House Note: The current exchange rate is approximately 677.996 billion yuan), but the growth rate not only did not peak, but continued to accelerate. The market believes that this is Nvidia’s positive response to recent external doubts. These doubts mainly focus on three aspects: the intensification of ASIC (Application Specific Integrated Circuit) competition, the possible delay in the release of Rubin products, and whether the demand for AI computing power can continue to grow at a rapid pace. Morgan Stanley analyst Joseph Moore said in a post-meeting report that the overall tone of the closed-door exchange was "very positive." Management repeatedly emphasized that "growth is still accelerating" and painted a picture of continued expansion of AI computing power demand: the application of AI is further expanding from scientific research institutions and traditional cloud computing giants to new fields such as sovereign AI (Sovereign AI) and industrial AI. Morgan Stanley continues to list Nvidia as the preferred target in the semiconductor industry, maintaining an "Overweight" rating and giving it a target price of $288, which still has room for an increase of about 42% from the recent closing price. Huang Renxun denies the delay of Rubin Ultra: it is just an architectural optimization and will not affect the release time. Before this roadshow, there was news in the market that Nvidia’s next-generation flagship architecture Rubin Ultra may be postponed to 2028. Jen-Hsun Huang clearly denied this rumor at the meeting and said that Rubin Ultra will still be officially shipped next year as planned. Moore further revealed that the Rubin system part