NVDA shares rose as the company dismissed claims of a 2028 launch delay for its Kyber rack architecture, reinforcing its AI leadership.
Nvidia’s market capitalization exceeded $5 trillion after the company refuted reports of a delay in its Kyber rack architecture launch. The chipmaker stated its roadmap remains intact, targeting a 2027 release for the system designed to integrate 144 GPUs into a single server.
Shares opened at $194.42 on July 6 and closed at $210.96 on July 10, recovering from initial speculation. Nvidia’s stock has surged over 900% in the past five years, driven by AI demand, solidifying its position as the world’s most valuable publicly traded company.
The market reaction was muted during the delay rumors, with investors focusing on Nvidia’s long-term growth prospects in AI infrastructure.