Nvidia denies Kyber server rack delay, shares turn positive
The chipmaker pushed back on a SemiAnalysis report claiming its next-gen NVL144 rack had slipped from 2027 to 2028, and Wall Street appears to be buying the denial
+65.5% (FY ended 2026-01-25 vs FY ended 2025-01-26) 10-K
Annual net income
120,067,000,000 USD (FY ended 2026-01-25, attributable to the company) 10-K
Annual operating margin
60.4% (FY ended 2026-01-25)
Forward P/E
Unavailable: no dated forecast source
Gloria daily close for session Oct 29, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
4,335,000,000FY ended 2025-12-27, attributable to the company · 10-K
10.7%FY ended 2025-12-27
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 29, 2026, 1:52 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Token vs underlying stock
Current comparison for NVDA. Historical observations may postdate this article.
Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.
Nvidia token vs Nvidia stock: exact source values
Date (UTC)
Token (USD)
Stock close (USD)
Token quote (UTC)
2026-08-06
219.15
218.99
2026-08-06 20:00
2026-08-07
223.93
223.96
2026-08-07 20:00
2026-08-10
217.66
217.55
2026-08-10 20:00
2026-08-11
217.53
217.50
2026-08-11 20:00
2026-08-12
224.12
224.09
2026-08-12 20:00
2026-08-13
225.42
225.30
2026-08-13 20:00
2026-08-14
225.34
225.16
2026-08-14 20:00
2026-08-17
225.13
225.01
2026-08-17 20:00
2026-08-18
219.70
219.74
2026-08-18 20:00
2026-08-19
217.76
217.56
2026-08-19 20:00
2026-08-20
216.79
216.85
2026-08-20 20:00
2026-08-21
214.85
214.72
2026-08-21 20:00
2026-08-24
208.75
208.48
2026-08-24 20:00
2026-08-25
213.16
213.05
2026-08-25 20:00
2026-08-26
210.06
209.66
2026-08-26 20:00
2026-08-27
227.96
227.98
2026-08-27 20:00
2026-08-28
217.74
217.55
2026-08-28 20:00
2026-08-31
220.91
220.78
2026-08-31 20:00
2026-09-01
217.58
217.44
2026-09-01 20:00
2026-09-02
224.46
224.41
2026-09-02 20:00
2026-09-03
228.90
228.45
2026-09-03 20:00
2026-09-04
230.35
230.36
2026-09-04 20:00
2026-09-08
225.69
225.73
2026-09-08 20:00
2026-09-09
223.89
223.67
2026-09-09 20:00
2026-09-10
218.70
218.36
2026-09-10 20:00
2026-09-11
218.92
218.29
2026-09-11 20:00
2026-09-14
211.47
210.96
2026-09-14 20:00
2026-09-15
212.34
212.17
2026-09-15 20:00
2026-09-16
214.25
213.90
2026-09-16 20:00
2026-09-17
219.68
219.34
2026-09-17 20:00
2026-09-18
222.24
222.27
2026-09-18 20:00
2026-09-21
227.69
227.38
2026-09-21 20:00
2026-09-22
229.20
228.87
2026-09-22 20:00
2026-09-23
225.44
225.51
2026-09-23 20:00
2026-09-24
224.87
224.58
2026-09-24 20:00
2026-09-25
225.29
225.07
2026-09-25 20:00
2026-09-28
228.97
228.86
2026-09-28 20:00
2026-09-29
227.95
227.21
2026-09-29 20:00
2026-09-30
229.85
228.38
2026-09-30 20:00
2026-10-01
231.18
230.86
2026-10-01 20:00
2026-10-02
234.38
233.95
2026-10-02 20:00
2026-10-05
239.30
238.90
2026-10-05 20:00
2026-10-06
239.71
239.24
2026-10-06 20:00
2026-10-07
237.80
237.47
2026-10-07 20:00
2026-10-08
230.81
230.48
2026-10-08 20:00
2026-10-09
229.70
229.28
2026-10-09 20:00
2026-10-12
226.87
226.32
2026-10-12 20:00
2026-10-13
228.73
228.52
2026-10-13 20:00
2026-10-14
221.56
221.30
2026-10-14 20:00
2026-10-15
217.48
217.23
2026-10-15 20:00
2026-10-16
214.56
214.13
2026-10-16 20:00
2026-10-19
217.41
217.09
2026-10-19 20:00
2026-10-20
216.69
216.47
2026-10-20 20:00
2026-10-21
222.20
221.97
2026-10-21 20:00
2026-10-22
212.42
212.21
2026-10-22 20:00
2026-10-23
211.27
210.96
2026-10-23 20:00
2026-10-26
216.15
216.00
2026-10-26 20:00
2026-10-27
218.06
217.94
2026-10-27 20:00
2026-10-28
215.40
215.38
2026-10-28 20:00
2026-10-29
213.57
213.66
2026-10-29 20:00
Stock history: Gloria · Retrieved Oct 30, 00:32 UTC. Token history: CoinGecko NVDAx.
Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.
Nvidia wants everyone to know: the Kyber is still on track. The company issued a firm denial on July 6 after research firm SemiAnalysis published a report claiming the Kyber NVL144 AI server rack had been delayed by a full year, from 2027 to 2028, due to manufacturing complications with a critical printed circuit board component.
Investors apparently liked the sound of “nothing to see here.” Nvidia shares rose roughly 1% following the company’s statement that its product roadmap remains intact.
What SemiAnalysis claimed, and why it spooked the market
The SemiAnalysis report, published on July 6, pointed to difficulties with the Kyber rack’s multi-layer PCB midplane as the culprit behind the alleged delay. The Kyber NVL144 is designed to house Nvidia’s forthcoming Rubin Ultra chips in dense configurations built specifically for AI workloads.
Jensen Huang first showcased the Kyber design at GTC roughly three months before the SemiAnalysis report dropped. The architecture supports configurations of up to 144 GPUs per rack, with plans to scale to even larger NVL setups. Instead of bolting together a bunch of separate servers, the entire rack functions as one giant compute unit.
The Rubin Ultra chips that Kyber is built around represent the next node in Nvidia’s GPU evolution beyond the current Blackwell generation. Delaying the rack that houses them would effectively strand the chips without their optimal deployment platform.
What this means for investors
The 1% share price recovery after the denial suggests the market is giving Nvidia the benefit of the doubt for now. Nvidia chose to respond quickly and categorically, rather than issuing a vague “we don’t comment on rumors” non-answer.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
