Jensen Huang Wins Another National Order: Japan Announces Purchase of Nvidia Next-Generation Rubin Chips

TradingKey - The Japanese government has announced plans to procure a large number of Nvidia's Rubin chips, yet its stock price fell instead of rising.

According to Bloomberg a July 16 report, the Japanese government plans to procure 27,500 of Nvidia's next-generation Rubin chips. However, the market reacted abnormally to the news, and Nvidia's stock price fell instead of rising, dropping 1.37% in pre-market trading to temporarily stand at $209.58.

Nvidia stock price chart, Source: TradingView

It is reported that Rubin is a brand-new computing powerhouse designed to cope with next-generation 'agentic programming' and 'physical AI', equipped with next-generation HBM4 high-bandwidth memory. In addition, Rubin comprehensively surpasses Blackwell in performance, architectural design, and technical specifications.

Previously, market rumors suggested that the Rubin project was delayed. Among them, Citrini analyst Jukan posted on the X platform on July 11, stating, 'I received word from an expert conference call that the release date for Nvidia's next-generation Rubin architecture products has been postponed again, to the point where I couldn't even rest on Saturday.'

Recently, Nvidia CEO Jensen Huang responded by denying such reports, stating, '[Rubin] has already entered the production phase and is being delivered to customers as planned, with large volumes of products currently being shipped.'