CNBC host Jim Cramer said on X on July 7 that the recent sell-off of NVIDIA was a "misleading sell-off," and wrote on X: "NVIDIA said its product roadmap remains unchanged. To me, that means buy." Semiconductor research firm SemiAnalysis reported that NVIDIA's Kyber NVL144 rack architecture has been delayed by more than 12 months due to PCB midplane manufacturing challenges.
SemiAnalysis Report: Kyber NVL144 Delayed to 2028 Due to PCB Midplane Issue
According to a report released by SemiAnalysis on July 5, 2026, three products of NVIDIA's Rubin Ultra GPU rack architecture are affected:
Kyber NVL144: Demonstrated by Jensen Huang about four months ago at GTC, it has been delayed to 2028 due to "PCB midplane still facing manufacturing challenges," a delay of more than 12 months
NVL72x2: Rejected by hyperscale data center customers as cumbersome to operate and costly, NVIDIA has completely abandoned this back-to-back rack design
NVL576: A larger system using fiber optic cables to connect eight racks, may be delayed or limited to small-batch production
SemiAnalysis also said that it predicts NVIDIA's data center computing revenue for the second half of fiscal 2027 will be 20% higher than the Wall Street consensus, and noted that its focus is on the 2028 timeline, not near-term revenue.
NVIDIA Denies Roadmap Changes, Existing Rubin Systems Ramp Up Production
According to NVIDIA's statement to the media, the company clearly stated that "the roadmap remains unchanged" and directly refuted SemiAnalysis's main allegations. NVIDIA pointed out that its existing Rubin systems are in full production and are scheduled to be delivered to Amazon AWS, Microsoft Azure, and Google Cloud this fall.
Within hours of SemiAnalysis's July 6 report release, NVIDIA made a public response to investors before market close; Cramer viewed this swift denial as a key positive market signal, citing the precedent of the Blackwell delay rumors in August 2024 — when NVIDIA denied it, fixed a design flaw, and completed deliveries within months.
Supply Chain Stocks Affected on July 6: Ibiden Down 10%
According to Bloomberg, within hours of the SemiAnalysis report, stocks of NVIDIA's major suppliers experienced volatility. Japan's Ibiden fell as much as 10% during trading on July 6, 2026; Hong Kong's Kingboard Laminates fell 18%; Seoul's Samsung Electro-Mechanics fell 11%; all three companies count NVIDIA as a major customer. In Q2 2026, the Philadelphia Semiconductor Index (SOX) rose 87.8%, its best quarterly performance since records began in 1994; NVDA stock did not keep pace with this gain.
Cramer: NVIDIA's Denial a "Buy Signal," Precedent of Successful Delivery After Blackwell Delay Rumors in 2024
According to CNBC reports and Cramer's X posts, Cramer called the supply chain sell-off a "misleading sell-off," saying that investors who sold are facing "revenge trading"; he wrote on X: "NVIDIA said its product roadmap remains unchanged. To me, that means buy."
Cramer cited the August 2024 Blackwell chip delay rumors as a precedent: at that time, specific and widespread delay claims were eventually denied by NVIDIA, the company fixed a design flaw and delivered on time, without losing its AI infrastructure lead.
According to TheStreet, Bank of America reiterated confidence in the roadmap after meeting with NVIDIA CFO Colette Kress, setting a target stock price of $350.
FAQ
What did SemiAnalysis's Kyber NVL144 delay report claim?
According to SemiAnalysis's July 5 report on X, NVIDIA's Kyber NVL144 rack architecture has been delayed by more than 12 months to 2028 due to PCB midplane manufacturing challenges; meanwhile, NVIDIA abandoned the NVL72x2 design, and NVL576 may also be delayed or limited to small-batch production.
How did NVIDIA respond to SemiAnalysis's report?
According to NVIDIA's statement to the media, the company said the "roadmap remains unchanged," existing Rubin systems are in full production, and are scheduled for delivery to Amazon AWS, Microsoft Azure, and Google Cloud this fall; NVIDIA made a public response on July 6, 2026 before market close.
What is Jim Cramer's latest view on NVIDIA stock?
According to CNBC reports and Cramer's X posts, after NVIDIA denied the roadmap delay, Cramer said on X, "To me, that means buy"; he called the supply chain sell-off a "misleading sell-off," citing the precedent of NVIDIA's successful delivery after the Blackwell delay rumors in 2024.
