$NVIDIA (NVDA.US)$ There is positive news about the latest generation of ai chip architecture.

After the US stock market closed on Wednesday, October 2, Nvidia CEO Huang Renxun stated in an interview with CNBC that the Nvidia Blackwell architecture chips have been "fully put into production," with a "crazy" demand for Blackwell (chips).

After Huang Renxun's speech, Nvidia's stock price, which had risen by nearly 1.6% on Wednesday, further expanded, rising by approximately 1.6% post-market.

Regarding Huang Renxun's speech, some traders commented on social media X that Huang Renxun alleviated concerns about delays in Blackwell production, and Nvidia's stock price on Thursday may close above $120. Thursday could be a good day to go long on Nvidia.

In fact, after Nvidia was exposed to delay the shipment of the Blackwell chip a month ago, the production and demand trends of Nvidia's latest mass-produced architecture chips have become more noteworthy, and have been affecting the stock market.

In early September, there were reports that due to design flaws, the most advanced AI chip in the Blackwell series would be delayed by three months or more, with a large shipment of Blackwell possibly delayed until the first quarter of next year. Nvidia later responded that the strong demand for the Hopper chip and the production plans for the Blackwell chip remain unchanged.

Three weeks ago, Huang Renxun's remarks about the Blackwell demand directly led to a V-shaped reversal in the US stock market that day.

On September 11, Huang Renxun exaggeratedly affirmed the huge demand for Blackwell at a technology conference organized by Goldman Sachs. Huang Renxun stated that Nvidia is collaborating with all datacenters, cloud computing service providers, and computer manufacturers globally.

"So, this means we have a huge responsibility. Many people rely on us, and there are high expectations for us. The demand is very strong, and delivering our components, technology, infrastructure, and software is emotionally very important for many people. Because it directly affects their income and competitiveness. Therefore, today we may have more emotionally invested customers, who really need our products, with excitement."

As a result, today we may have more emotionally invested customers who are in great need of our products, with high spirits.

He then mentioned the production and demand of Blackwell, saying

Nvidia, "has a great responsibility, striving to do our best. We are making every effort to drive the production of Blackwell, which is now in full production."

We will ship in the fourth quarter, expand production capacity in the fourth quarter, and continue to expand next year. The demand for Blackwell is just too high. Everyone wants to be the first to own it, everyone wants to have the most capacity, everyone wants to be the leader.

After Huang Renxun's speech, on the morning of September 11, Nvidia's stock price, which had slightly declined, rose steadily. It rose above $117.00 during the session, with an intraday increase of 8.4%, rebounding 9% from the intraday low. Nvidia ultimately closed up 8% that day, marking the largest daily gain in six weeks, with a market cap soaring $250 billion in a single day, recovering most of the decline since August 30.

Boosted by Nvidia's rebound, on September 11, the three major US stock indexes collectively turned higher mid-session. The S&P 500 index, which initially fell 1.6%, turned higher and rose over 1% after the opening, the Dow, which fell nearly 744 points or 1.8% early on, turned up 0.3%, and the Nasdaq, which had fallen 1.4% mid-session, later rose more than 2%, rebounding 3.8% from the daily low.

Afterwards, Wall Street News mentioned that analysts believe Huang Renxun's speech "addressed the big questions in investors' minds." His emphasis on the "enormous demand," even with somewhat boastful descriptions, happened to be the key driver behind Nvidia's and the US stock indexes' significant turnaround. Huang Renxun also informed the audience that generative AI is still in its early stages and will expand into more areas beyond data centers, igniting imagination about future growth.

Editor/Somer