Morgan Stanley significantly lowered the shipment volume of NVIDIA GB200 for 2025.

On February 4, Morgan Stanley stated in its latest report that it has significantly lowered the shipment estimate of NVIDIA GB200 for 2025, from the previous range of 30,000 to 35,000 units to 20,000 to 25,000 units. In the worst case scenario, the shipment volume could be lower than 20,000 units, which may result in a market impact of 30 to 35 billion dollars for GB200 Supply Chain. Morgan Stanley predicts that the rise cycle of the cloud computing market may continue until the first half of 2025, and the year-on-year growth rate may then drop to single digits in the fourth quarter.

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