Vera Rubin: NVIDIA's bull case meets margin reality (nova.kapualabs.com)
Higher memory content promises bigger racks but about 60 basis points of gross-margin pressure per BofA estimate.
“Vera Rubin: NVIDIA's Bull Case Meets a Margin Reality Check” highlights the shift to integrated AI infrastructure—more memory, optics, cooling, yet ~60 bps margin pressure. Read: https://post.kapualabs.com/4sk8xrf3