-
Shares of Nvidia rose as much as 5% on Thursday after CEO Jensen Huang noted strong demand for its Blackwell GPU.
-
Huang confirmed that Blackwell chips are in full production, despite previous redesign delays.
-
Nvidia strives to improve GPU performance annually, which impacts customer revenue and costs.
Nvidia shares rose 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.
The stock made some gains, rising about 3% to trade at $122.47 at 10:30 a.m. ET. Nvidia’s shares fell and rose 149% this year, making it the second-best performing S&P 500 stock this year.
“The demand for Blackwell is insane,” Huang said in an interview with CNBC after the market closed on Wednesday.
Huang addressed the production status of the Blackwell chip, as reports of minor redesigns of the chip earlier this year led to minor delays in its rollout to customers.
“Blackwell is in full production, Blackwell is progressing as planned,” Huang said. “Everyone wants to have the most and everyone wants to be first.”
These comments echo comments from some of Nvidia’s largest customers, including Oracle co-founder Larry Ellison.
Earlier this month, Ellison said he and Elon Musk “begged” for more GPU chips during a dinner with Huang.
Ellison said they told Huang, “Please take our money. You need 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 improve performance two to three times a year, as we have done with Hopper to Blackwell, we effectively increase our customers’ revenue or throughput on these infrastructures by a few times a year, or you could consider it as a decrease in costs every two or three years,” Huang said.
He added: “We are on track to do that and everything is on track.”
Huang emphasized in the interview that Nvidia has its fingerprints all over different layers of the computing stack, from GPU chips to software and networking components.
“This is a whole new way of computing, and we’re committed to building the whole stack and reinventing every layer of the technology stack so that… every company in the world can benefit from this revolutionary new technology that we call AI call it.’ said Huang.
Read the original article on Business Insider
