Nvidia’s next growth cycle hinges on H2 2026 rollout of Rubin, Vera CPU and photonic networking

Nvidia’s next-generation Rubin architecture, the Vera CPU and Spectrum-X photonic networking are expected to reach scaled deployment in the second half of 2026, accelerating a shift from a GPU supplier to a full-stack AI infrastructure provider. The company’s current Q2 guidance implies an annualized revenue run rate of $364 billion, without meaningful contribution from Rubin and other new offerings. Markets are watching for the cycle to materialize as a potential catalyst for a re-rating in the stock.