Blackwell production has ramped up to 100%; there are plans for capacity expansion, including into the U.S., and the next-gen technology will soon be available. Rubin, the next iteration of NVIDIA’s GPU technology explicitly built for AI, is expected in the second half of this year, fully six months ahead of best-case scenarios in late 2024.

Retail investors have ploughed more than $900mn into Nvidia shares this week as individual traders rushed to scoop up artificial intelligence stocks that sustained a heavy blow from fears over China’s DeepSeek.