Ming-Chi Kuo: Nvidia LPU/LPX cabinets will see exponential growth
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2026–2027 LPU estimated shipments are about 4–5 million units (around 30–40% in 2026, and 60–70% in 2027), representing a more than tenfold increase compared to previous years. Nvidia plans to increase the number of LPUs per cabinet from the current 64 units to 256 units, in order to expand memory capacity and maintain ultra-low latency performance. The new architecture cabinets are expected to enter mass production between 4Q26 and 1Q27, with cabinet shipments estimated at approximately 300–500 units in 2026 and 15,000–20,000 units in 2027.
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