Nvidia Refutes AI System Delay as Samsung Projects Memory-Chip Oversupply
NVDA•Samsung Electronics posted Q2 operating profit of 7.7 trillion won, down 31% year-on-year, and guided for expanded memory-chip capacity in H2 2026, stoking fears of AI GPU oversupply that could pressure NVIDIA’s data-center margins. NVIDIA denied reports of a delay to its next-generation ‘Blackwell’ AI systems, affirming its launch timeline remains on track for late 2026.
1. Samsung Q2 Earnings Slip
Samsung Electronics reported Q2 operating profit of 7.7 trillion won, a 31% drop from last year, on revenue of 70.3 trillion won. Management signaled a significant ramp-up in DRAM and NAND output in the second half of 2026.
2. Rising AI GPU Oversupply Concerns
Analysts warn that the planned memory-chip capacity expansion could lead to an oversupply of AI GPUs, driving down prices and squeezing NVIDIA’s data-center GPU margins in coming quarters.
3. Nvidia Denies Next-Gen Delay
NVIDIA publicly refuted market speculation of a postponement to its next-generation ‘Blackwell’-based AI systems, reiterating that development remains on schedule for a late-2026 release.
4. Mixed Outlook for Chip Stocks
Investors now weigh the risk of memory-driven price pressure against NVIDIA’s reaffirmed product roadmap, creating uncertainty over near-term margin outlook but confidence in long-term AI growth.
