SemiAnalysis Expects Nvidia Data Center Revenue to Beat Consensus by 20% in FY2027 Second Half

SemiAnalysis said it expects Nvidia to see a major production ramp in the second half of this year, which it described as the second half of fiscal 2027, and forecast its data center computing revenue could come in 20% above current market consensus. According to ChainCatcher, the research firm said Nvidia’s next-generation Rubin architecture chips had previously been delayed due to technical bottlenecks related to HBM4, but those issues have now been resolved. SemiAnalysis added that upstream wafer supply has completed an initial stockpiling phase and is expected to move into large-scale mass production. The firm said its forecast is based on supply-chain research spanning upstream materials, foundries, components, server integrators, and downstream hyperscale cloud providers and advanced AI labs. It also said its tracking model covers other major AI chip ecosystem participants including Broadcom, AMD, MediaTek, and Marvell.