Nvidia stock jumps after CEO Jensen Huang says 'demand for Blackwell is insane'
By Matthew Fox,
7 days ago
Nvidia stock rose as much as 5% on Thursday after CEO Jensen Huang noted strong demand for its Blackwell GPU.
Huang confirmed Blackwell chips are in full production despite earlier redesign delays.
Nvidia aims to enhance GPU performance annually, impacting customer revenue and costs.
Nvidia stock jumped as much as 5% on Thursday following comments from CEO Jensen Huang about the strong demand the company is experiencing for its next-generation Blackwell GPU chips.
Ellison said they told Huang, "Please take our money. We need you to take more of our money."
In the CNBC interview on Wednesday, Huang also reiterated that the company is on track to deliver a faster and more efficient GPU chip to customers every year.
"If we can increase the performance as we've done with Hopper to Blackwell by two to three times each year, we're effectively increasing the revenues or the throughput of our customers on these infrastructures by a couple times each year, or you could think about it as decreasing costs every two or three years," Huang said.
He added: "We're on a path to do that and everything's on track."
Huang emphasized in the interview that Nvidia has its fingerprints all over various layers of the computing stack, from GPU chips to software to networking components.
"This is a brand new way of doing computing, and we're dedicated to build the entire stack and reinvent every layer of the technology stack so that... every company in the world can benefit from this revolutionary new technology we call AI," Huang said.
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