On Wednesday, Jensen Huang, CEO of Nvidia Corporation (NASDAQ:NVDA) said that the demand for the company's next-gen Blackwell GPU platform is "insane."
What Happened: Huang was on CNBC's Closing Bell Overtime, alongside Julie Sweet, CEO of Accenture, to discuss their expanded partnership.
During the conversation, he confirmed that Blackwell is in full production and progressing as planned. Huang introduced Blackwell in March as "a processor for the generative AI era."
"Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is insane," he said on the show, adding, "Everyone wants to have the most, and everyone wants to be first."
"The demand for Blackwell is insane" @Nvidia CEO Jensen Huang gives @jonfortt an update on the company's upcoming chip platforms.$NVDA pic.twitter.com/WcIFeHJEJs
— CNBCOvertime (@CNBCOvertime) October 2, 2024
Nvidia is set to commence sales of Blackwell products in the fourth quarter. These new processors are expected to deliver 2.5 times the performance of Nvidia's Hopper chips, which were launched two years ago.
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Why It Matters: The Blackwell chip platform has been a topic of interest among investors and analysts. Last month, Nvidia faced investor scrutiny over delays in the chip's rollout.
Despite these concerns, the company expects "several billion dollars" of revenue from Blackwell in its fiscal fourth quarter.
Previously, Huang admitted that the surging demand for Blackwell chips was causing tension and frustration among some of Nvidia's customers due to limited supply.
Having said that, analysts predict a bright future for Nvidia.
Beth Kindig, lead tech analyst at I/O Fund, projected that Nvidia could surge to a $10 trillion valuation, largely due to the potential of the Blackwell chip.
JPMorgan analyst Harlan Sur also asserted that the company is on track for a spectacular fiscal fourth quarter, thanks to the Blackwell GPU platform.
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"Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is insane," he said on the show, adding, "Everyone wants to have the most, and everyone wants to be first."
番組中、「Blackwellは順調に全体的な生産活動を行い、計画通り進んでおり、Blackwellに対する需要は狂気的である」と述べ、さらに「みんなが最も欲しがり、誰もが最初になりたがる」と付け加えました。