Nvidia denies SemiAnalysis delay report as Jim Cramer backs stock

Nvidia said its AI roadmap remains intact after SemiAnalysis flagged possible Kyber and rack-system delays, while Jim Cramer argued the recent share sell-off was excessive and highlighted Nvidia’s central role in AI infrastructure.

22d ago

Fact Check

The originating SemiAnalysis X thread directly confirms every element: Kyber NVL144 delayed more than 12 months to 2028 due to PCB midplane manufacturability challenges, and the NVL72x2 back-to-back rack architecture cancelled. CNBC independently reports the same, including the framing that the setback could open the high-end AI infrastructure market for AMD and Google. CryptoBriefing corroborates the delay and midplane cause. All primary and secondary sources align with no conflicts.

Summary

Nvidia said its AI chip roadmap remains on schedule, rejecting a SemiAnalysis report that said its next-generation Kyber architecture for Rubin Ultra systems could slip by more than 12 months to 2028 and that a related NVL72x2 rack design was scrapped after customer pushback. The report hit Nvidia-linked suppliers including Ibiden, Kingboard Laminates and Samsung Electro-Mechanics. On July 7, CNBC commentator Jim Cramer said the stock’s recent sell-off looked excessive, noted Nvidia’s forward P/E was near its lowest level this year, and argued that even companies building in-house AI chips still rely heavily on Nvidia technology, including China’s DeepSeek.

Terms & Concepts

Rubin Ultra: Nvidia's next-generation GPU platform for advanced AI computing systems.
rack-scale: A design approach that integrates an entire server rack into a unified computing system.
forward P/E: Price-to-earnings ratio based on expected future profits.