Summary: Nvidia’s upcoming Computex keynote presents an opportunity for the company’s CEO to restore confidence in the stock after a period of underperformance. Research firm Lynx Equity Strategies says it expects Jensen Huang to tackle outstanding questions about the Rubin GPU rollout, the company’s Vera CPU market projections, and the networking business, while the firm itself retains a cautious long-term view.
Nvidia shares have slid following the company’s most recent earnings release, lagging other AI-focused semiconductor firms even though the results were broadly viewed as strong. Lynx attributes part of the decline to investors drawing down Nvidia holdings as a source of cash, and part to ongoing concerns over the timing and speed of the next-generation Rubin GPU architecture’s market ramp and the threat posed by custom chips developed by large cloud providers.
In commentary, Lynx said the CEO did not sufficiently address those concerns during the earnings call, and that the Computex keynote on Sunday gives Jensen Huang a fresh chance to provide detail. The firm highlighted three specific areas investors should monitor:
- Further detail and context around the Vera CPU effort, including the revenue figure of $20 billion and the $200 billion total addressable market that have been referenced by Nvidia.
- Concrete information on the expected pace of Rubin’s market adoption, which underpins Nvidia’s $1 trillion outlook for GPU systems.
- An update on the networking segment with a longer-term perspective.
Lynx also reported that Huang was seen in Taiwan hosting a dinner with senior executives from key supply-chain partners, naming Foxconn, TSMC and Pegatron among those present. Local press coverage of the event used the phrase "trillion yuan feast."
On valuation and near-term upside, Lynx suggested that if momentum among other AI-related stocks spills over to Nvidia, the shares could edge toward roughly $250 in the near term. That estimate is based on applying a 20-times multiple to consensus 2027 earnings estimates, according to the firm. Despite that potential, Lynx said it is maintaining a cautious stance on Nvidia over the longer term.
The article also referenced tools that evaluate Nvidia alongside other ideas. One such product, described as an AI-powered strategy evaluator that uses more than 100 financial metrics, is noted for scanning large universes of stocks and identifying names that meet specific risk-reward criteria; the piece said that product has historically highlighted winners in other situations.
Contextual note: The points above reflect Lynx Equity Strategies’ assessment as presented; readers should watch for the Computex keynote for any clarification on the items called out by the research firm.