Nvidia(US:NVDA) Jin Rong Jie·2026-01-23 00:45Group 1 - The first batch of RubinAI racks is expected to be delivered to customers by August this year, ensuring system integration with large-scale cloud vendors is completed by the end of the year [1] - NVIDIA's team unexpectedly announced that Vera Rubin has entered "full production" in Q1 2026, significantly ahead of the product roadmap expectations, marking an industry milestone [1] - Concerns about Rubin architecture's ability to meet the "H2 2026 delivery" commitment have been alleviated as the core components of the Rubin infrastructure are highly reused from the Blackwell series, reducing the risk of production line transformation [1] Group 2 - NVIDIA anticipates that the RubinAI series will be fully adopted by large-scale cloud vendors between Q4 2026 and Q1 2027, with cutting-edge models like GPT-5 benefiting from performance enhancements [1] - Longjiang Securities' electronics team believes that the "cable-free" design of the Midplane combined with the orthogonal backplane is the official mainstream solution under the high-density interconnection demand of the NVL576 architecture [1] - The orthogonal backplane offers significant advantages over copper cable solutions by addressing physical bottlenecks in system integration and significantly improving production efficiency [1]