Nvidia (NVDA), on Monday, pushed back on a report by SemiAnalysis that the AI chip giant is delaying next-generation Kyber AI server systems by a year until 2028.
SemiAnalysis posted on X that the server has faced “massive delays” because of its design, which created manufacturing challenges.
But an Nvidia spokesperson denied the SemiAnalysis report, telling Yahoo Finance, “Our roadmap remains intact.”
Nvidia stock was flat on the day.
The company’s Kyber server will feature a new design that orients server racks vertically, rather than horizontally, in the server cabinet, allowing the AI leader to expand the number of GPUs in each server from 72 chips to 144.
Nvidia plans to launch its Kyber server with its upcoming Vera Rubin Ultra platform in the second half of 2027.
The company releases new versions of its processors on a yearly cycle. It will launch its Vera Rubin platform in the second half of this year.
Nvidia is among the biggest beneficiaries of the AI explosion, thanks to its early investments in using its graphics chips in data centers to train and run AI models.
The company’s stock price has rocketed more than 840% over the last five years, and has climbed 22% over the last 12 months. But that growth has taken a breather over the last six months, rising just 5%, as investors look for other companies that are gaining on the AI build-out, such as memory maker Micron (MU).
Still, Nvidia’s revenue continues to soar. It topped $215.9 billion in its fiscal 2026, up from $26.9 billion in its fiscal 2023, at the onset of the generative AI era. Wall Street analysts are anticipating further growth in fiscal 2027 to $392.7 billion.
But Nvidia is also facing increased competition from the likes of longtime rival AMD (AMD), which is launching its own 72-chip server rack, and customers including Google (GOOG, GOOGL) and Amazon (AMZN), which are increasingly offering their chips to third parties.
