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Nvidia shares rose as much as 5% on Thursday after CEO Jensen Huang cited strong demand for its Blackwell GPU.
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Huang confirmed that Blackwell’s chips are in full production despite previous delays in the redesign.
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Nvidia aims to improve GPU performance annually, which impacts customer revenue and costs.
Nvidia The stock jumped as much as 5% on Thursday following CEO Jensen Huang’s comments about the strong demand the company is seeing for its next-generation Blackwell GPU chips.
The stock pared some gains and rose nearly 3% to trade at $122.47 at 10:30 a.m. ET. Nvidia shares have been on a tear, up 149% year to date The second-best-performing stock in the S&P 500 this year.
“The demand for Blackwell is crazy,” Huang said in an interview with CNBC on Wednesday after the market closed.
Speaking about the production status of the Blackwell chip, Huang said: Reports of small redesigns of the chip came earlier this year It resulted in a slight delay in rolling it out to customers.
“Blackwell is in full production, and Blackwell is proceeding as planned,” Huang said. “Everyone wants to have more and everyone wants to be first.”
These comments are consistent with comments from some of Nvidia’s largest customers, including… oracle Co-founder Larry Ellison.
Ellison said earlier this month He and Elon Musk “begged” for more GPU chips During dinner with Huang.
Ellison said they told Huang, “Please take our money. We want you to take more of our money.”
In an interview with CNBC on Wednesday, Huang also confirmed that the company is on track to deliver a faster and more efficient GPU chip to customers every year.
“If we can increase performance like we did with Hopper to Blackwell by two to three times each year, we are effectively increasing revenue or productivity for our customers on these infrastructures a few times each year, or you can think of it as a reduction,” Huang said. in costs every two or three years.
He added: “We are on our way to doing this and everything is on the right track.”
Huang emphasized in the interview that Nvidia has its fingerprints in all the different layers of the computing stack, from GPU chips to software to networking components.
“This is a completely new way of doing computing, and we are committed to building out the entire stack and reinventing every layer of the technology stack so that… every company in the world can benefit from this revolutionary new technology we call artificial intelligence,” Huang said.
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