According to a recent report from Wedbush Securities, NVIDIA Corp (NASDAQ: NVDA)'s Grace Blackwell systems, including the GB300 and B300 models, continue to face robust demand, with multiple customers reporting increasing difficulty in procuring these products. Analysts Matt Bryson and Antoine Legault stated in a client note released on Monday, "We have not seen supply constraints this late in an NVIDIA accelerator cycle since Ampere and Hopper. In our view, this suggests demand is ramping faster than previously expected."
While supply constraints, particularly bottlenecks in memory, remain a primary cause of the shortage, Wedbush notes that NVIDIA is in the "most advantageous position in the current supply chain across the technology ecosystem." The company has reportedly secured DRAM and HBM supply for 2026 ahead of competitors and has likely completed procurement arrangements for 2027 in advance.
Bryson added, "We are not suggesting NVIDIA's peers or customers lack future supply commitments, but we believe any other chip designer, cloud service provider (CSP), OEM, etc., will face at least the same if not greater challenges in securing incremental components to meet demand exceeding expectations."
In the memory sector, Wedbush suggests that Everpure Inc (P.US) may be one of the best investment vehicles for investors looking to gain exposure to the ongoing price increases in NAND and DRAM. Bryson pointed out, "Current NAND pricing is up 70% and is expected to rise further this year. If this outlook translates into revenue, it implies sales momentum will continue to build throughout the year, which stands in stark contrast to the company's management guidance. Furthermore, considering Everpure uses less NAND, has lower NAND costs, and uses less DRAM per storage unit compared to its peers, we believe its favorable positioning in a rising commodity environment makes its prospects more reasonable."
Wedbush maintains an "Outperform" rating on both NVIDIA and Everpure, with price targets of $330 and $105, respectively.
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