SemiAnalysis bullish on Nvidia's H2 performance, Rubin's volume expansion to drive data center business growth.

Independent semiconductor and AI research firm SemiAnalysis has released a report projecting significant growth for Nvidia in the second half of this year. According to its SemiAnalysis Accelerator Model, Nvidia’s data center compute (DC Compute) revenue in the second half of fiscal 2027 (2H FY2027) will exceed the market consensus forecast by 20%. The Rubin platform, which was previously delayed due to issues related to HBM4, is now expected to see large-scale volume launches in the second half of this year as those problems are resolved and front-end wafer supply capacity improves. Unlike some sell-side analysts who tend to set conservative earnings forecasts to make it easier for companies to "beat expectations", SemiAnalysis’ projections are based on in-depth research covering the entire supply chain, including materials, wafer manufacturing, components, server OEMs, as well as the latest developments from hyperscalers and leading AI labs. Insights related to Nvidia, as well as AI chip firms including Broadcom, AMD, MediaTek, and Marvell, are integrated into its Accelerator Model and HBM Model.