Evercore released a channel survey for AI in the fourth quarter of 2025, stating:
Some channels believe that the Chinese ban has allowed NVIDIA to leverage suppliers that typically serve China to engage in global product development, thus enabling Rubin to be ahead of schedule by 3-6 months.
Some emphasized the distinction between &#34;minor&#34; and &#34;major&#34; evolutions, where the transition from A100 to H100 is considered major, while the transition from H100 to B100/B200 is minor. The transition to GB-Series rack-scale is major, but the transition from GB-Series to VR-Series is minor. However, the transition to Rubin Ultra, accompanied by a cluster scale increase from 144 to 576, is major.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/72c0ccdd-df3e-48da-8e96-4c97f2814abe.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/72c0ccdd-df3e-48da-8e96-4c97f2814abe.jpeg"/>

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Evercore's AI channel research shows that NVIDIA's Vera Rubin is expected to launch 3-6 months ahead of schedule, primarily benefiting from the Chinese ban that allows it to utilize suppliers originally serving China for global product development. The research mentions that the transition from A100 to H100 is a significant evolution, while the transition from H100 to B100/B200 is a minor evolution. The transition to Rubin Ultra represents a significant evolution, with cluster sizes increasing from 144 to 576

- Evercore released a channel survey for Q4 2025, indicating that NVIDIA has benefited from China's bans by engaging suppliers typically serving China for global product development, allowing Rubin to advance by 3-6 months.  
- The survey highlights distinctions between "minor" and "major" evolutions, noting that the transition from A100 to H100 is major, while the shift to B100/B200 is minor.  
- Furthermore, the transition to Rubin Ultra, with cluster scale increasing from 144 to 576, is classified as a major evolution.

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Institutional research indicates: NVIDIA Vera Rubin will be launched 3-6 months ahead of schedule