Guo Mingchi's article analyzes NVIDIA GB200 NVL36/72 shipments: NVL72 single chassis version is unable to be mass-produced in the short term, while NVL36 faces unprecedented design and production challenges

Renowned analyst Ming-Chi Kuo published an article today, analyzing the short-term factors that may impact the shipment of NVIDIA's GB200 NVL36/72. He believes that when the related stocks have largely reflected the optimistic expectations of GB200 NVL36/72's contribution to the supply chain and surged, at least in the short term, investment decisions need to consider more aspects rather than just relying on supply chain investigations. Kuo pointed out that each cabinet of GB200 NVL36 consumes about 80kW of electricity, and according to a survey by AMAX in April this year, less than 5% of data centers worldwide can support 50kW servers per cabinet; therefore, before purchasing GB200 NVL36, it is necessary to ensure that there is enough space for installation. Furthermore, the single-cabinet version of GB200 NVL72 consumes 130kW of electricity per cabinet and cannot be mass-produced in the short term. Although there is a proposal to provide dual NVL36 cabinets for NVL72, the key selling point of NVL72 when proposing it is to provide the maximum AI computing power in the smallest space, so it is necessary to observe whether the more space-consuming dual NVL36 cabinet solution can be favored by customers. The computing power advantage of GB200 NVL36 is undeniable, but it also faces many unprecedented design and production challenges