Understanding the Market | PCB Concept Stocks Lead the Decline, NVIDIA Kyber Rack May Face Delay Until 2028, PCB Manufacturing Process Still Faces Challenges
Affected by the news that NVIDIA's Kyber NVL144 rack architecture may be delayed until 2028 and the cancellation of alternatives, PCB concept stocks have fallen sharply. KB LAMINATES, VGT, KINGBOARD HLDG, and other individual stocks have seen significant declines, with the market concerned about the challenges in PCB manufacturing processes and NVIDIA facing competitive pressure in scaling capabilities
According to the Zhitong Finance APP, PCB concept stocks are among the biggest losers. As of the time of publication, Kingboard Laminates (01888) is down 9.71%, trading at HKD 76.25; VGT (02476) is down 6.73%, trading at HKD 277; Kingboard Holdings (00148) is down 5.73%, trading at HKD 93; Dazhong CNC (03200) is down 5.13%, trading at HKD 152.1; and Guanghe Technology (01989) is down 5.05%, trading at HKD 156.2.
On the news front, according to market media reports on July 6, semiconductor industry research firm SemiAnalysis published a series of articles on social media, indicating that NVIDIA's Kyber NVL144 rack architecture may face delays. The firm stated that just three months after Jensen Huang showcased the Kyber NVL144 at GTC, the product encountered significant setbacks and has been delayed by more than 12 months, now pushed back to 2028.
In addition to the delay of the Kyber NVL144, SemiAnalysis pointed out that its alternative NVL72x2 back-to-back architecture has also been canceled. The design concept of this solution was to place two Oberon racks back-to-back, expanding the scale domain through pure copper NVLink to bypass the manufacturing challenges of the Kyber mid-board. NVIDIA currently has no validated solutions to expand the scale domain of Rubin Ultra, leaving room for competitors like AMD MI500X or TPUv8i Broadfly to surpass Rubin Ultra in scaling capabilities
