Nvidia CEO Jensen Huang said in an interview on CNBC’s “Closing Bell Overtime” that demand for the company’s next-generation artificial intelligence chip, Blackwell, is “insane.”
“Everyone wants to have the most, everyone wants to be the best,” Huang said in an interview aired Wednesday. Nvidia stock rose about 3% Thursday morning.
Blackwell is expected to cost between $30,000 and $40,000 per unit and will be priced from companies like OpenAI, Microsoft, Meta and others building AI data centers to power products like ChatGPT and Copilot. is in high demand.
Nvidia has been a major beneficiary of the artificial intelligence boom, with its stock up about 150% since the beginning of the year. The company’s revenue continued to soar in the second quarter, increasing 122% on an annual basis to $30.04 billion. Sales for the current quarter are expected to be $32.5 billion.
“With technology advancing so rapidly, we have three times the opportunity to really drive the innovation cycle so that we can increase capabilities, increase throughput, reduce costs, and reduce energy consumption. It’s a given,” Huang said. CNBC. “We are on the path to that and everything is going well.”
Chief Financial Officer Colette Kress said in August that Blackwell expected to generate billions of dollars in revenue in the fourth quarter.
Jensen said NVIDIA plans to update its AI platform annually to improve performance by two to three times.
