Nvidia CEO tells CNBC demand for Blackwell AI chips is ‘insane’

Nvidia (NVDA) CEO Jensen Huang said in an interview Wednesday on CNBC’s “Closing Bell Overtime” that demand for the company’s next-generation artificial intelligence chip, Blackwell, is “insane.” “With technology advancing so rapidly, there is a triple-down opportunity to really drive the innovation cycle to increase capabilities, increase throughput, reduce costs, and reduce energy consumption. It’s a given,” Huang said. CNBC. “We’re on the path to that and everything is going well.” Blackwell is expected to cost between $30,000 and $40,000 each, and is in demand from companies such as Microsoft. (MSFT) and Meta (META), as well as other companies building AI data centers to power products such as ChatGPT and Copilot, the report also mentions. Nvidia stock rose 3% to $122.43 in morning trading.