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$NVDA Rubin is facing delay risks
According to TrendForce, NVIDIA is dealing with issues related to HBM4 validation, the transition from ConnectX-8 to ConnectX-9 networking, higher power consumption, and the need for more advanced liquid cooling
Blackwell is expected to dominate NVIDIA’s high-end GPU shipments in 2026, with its share rising from 61% to 71%, while Rubin falls from 29% to 22% and Hopper drops from 10% to 7%
Even so, TrendForce still expects strong overall growth in high-end AI GPU shipments in 2026, at around 26% YoY, only slightly below its previous 26.8% estimate. It also highlights that NVIDIA is no longer just pushing harder into training, but is also moving more aggressively into inference, with new LPU solutions expected to reach several hundred thousand units in 2026 and potentially double in 2027