10:30 AM EDT, 06/03/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

At Computex 2024, Jensen Huang spent his keynote articulating the company's opportunities ahead as we embark on the next industrial revolution, driven by AI factories. We see this sea change as in the very early innings. On the hardware side, Blackwell remains slated to ramp in the second half this year, with an Ultra Blackwell chip slated for 2025, while the successor to Blackwell was also announced (named Rubin) and is likely to ramp in early 2026. This is in line with NVDA's intent to reduce the GPU cadence. Although Jensen didn't go into details, Rubin is likely to provide a massive step up in compute to Blackwell and will be based on HBM4. On the software side, NVDA's competitive moat appears stronger than ever given its ability to control the entire stack and more than 350 (and growing) domain specific libraries that continue to help support penetration into new markets. We like the improved visibility and see greater momentum on the GPU/CPU/networking side driving upside to consensus estimates.