3 Reasons Nvidia Still Has Plenty of Room to Run - The Globe and Mail

Despite being the world's most valuable company, NVIDIA still has significant room to grow, according to this analysis. The company's upcoming Vera Rubin chip architecture promises major performance i... Read original →

If NVIDIA’s Vera Rubin architecture enters volume production as scheduled in Q3, it will trigger a cascade of redesigns across the AI hardware stack: deep integration of 3nm EUV and chiplet methodologies slashes inference costs tenfold while forcing radical upgrades in power delivery, thermal management, and optical interconnects. Geopolitical friction is now a fixed cost—tightening U.S. export controls compel redundant foundry allocations across Taiwan, China and South Korea, inflating capex. While cloud rivals like Alphabet push custom TPUs, NVIDIA’s full-stack moat remains formidable, yet the Blackwell-to-Rubin transition creates a narrow opening for competitors. Over the next 18 months, as global data center CAPEX races toward $4 trillion, the real winners may be specialists in advanced packaging and co-packaged optics—not just GPU vendors. The current 27x forward P/E underprices NVIDIA’s sustained architectural lead amid the industry’s pivotal shift from raw compute to energy efficiency.