Nvidia: Significant Growth Potential Remains in 2027: UBS has revised its 2026 forecast for Nvidia's total rack space from 77,500 units to 80,000 units, maintaining its 2027 forecast at 95,000 units. If data center construction and cloud vendor capital expenditures are stronger, there could be an additional 20,000-30,000 units upside potential in 2027. The unit price of Rubin racks is expected to reach $7-8 million, approximately 70% higher than Blackwell, which will help maintain rapid revenue growth.
TSMC: AI Order Visibility Extends to 2029-2030: Cloud vendor demand for AI/HPC remains strong, and advanced processes and packaging remain in short supply. UBS expects CoWoS monthly capacity to increase from 160,000 wafers by the end of 2026 to 270,000 wafers by the end of 2027.
Samsung and SK Hynix: Storage supply remains insufficient: Cloud providers continue to place additional orders for DDR5 and enterprise-grade SSDs. UBS expects the average selling price of Samsung and SK Hynix DRAM to rise by 27% and 23% respectively in Q3 compared to Q1. Storage manufacturers are prioritizing AI servers in their capacity expansion, which is squeezing the supply to PCs and mobile phones. (UBS report, September 22)
