Nvidia stock price rises, attributed to unusually high demand for the Blackwell chip.
NVIDIA's stock price is showing an upward trend. This movement follows statements made by the company's CEO, Mr. Jensen Huang. Mr. Huang mentioned that there is an 'unusually high' demand for the company's latest AI processor, 'Blackwell'.
By the end of trading on October 2, the stock price rose following these remarks. Mr. Huang stated in an interview with CNBC, 'Everyone wants to have it first'.
NVIDIA plans to start selling Blackwell products from the fourth quarter of this fiscal year. This AI chip is said to have 2.5 times the performance of 'Hopper', which was introduced two years ago.
On that day, NVIDIA's stock price closed at $118.85 in trade. Subsequent after-hours trading showed further increases, rising to $120.21, up 1.14% (as of 7:00 AM Japan time).
By the end of trading on October 2, the stock price rose following these remarks. Mr. Huang stated in an interview with CNBC, 'Everyone wants to have it first'.
NVIDIA plans to start selling Blackwell products from the fourth quarter of this fiscal year. This AI chip is said to have 2.5 times the performance of 'Hopper', which was introduced two years ago.
On that day, NVIDIA's stock price closed at $118.85 in trade. Subsequent after-hours trading showed further increases, rising to $120.21, up 1.14% (as of 7:00 AM Japan time).
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