1. NVIDIA reported strong Q2 FY26 results with 54% YoY revenue growth and guided a gross margin of 73.3%–73.5%, alongside potential $2–$5B shipments from China's H20 arrangement; 2. The Blackwell GPU is in volume production, while Rubin (including Vera CPU and Spectrum-X) is on track for mass production in H2 2026; 3. Despite trading at a premium (39x forward P/E vs. tech sector average), the growth narrative and product pipeline justify a 'Strong Buy' rating, though Rubin's timeline poses risks.