Demand for NVIDIA’s Blackwell is ‘Insane,’ Says Jensen Huang

NVIDIA Corporation shares rose by 1% after hours on Wednesday following CEO Jensen Huang’s comments on the overwhelming demand for its Blackwell product.

Huang stated during an appearance on CNBC’s Closing Bell Overtime that “Blackwell is in full production, Blackwell is as planned, and demand for Blackwell is insane. Everyone wants the most, and everyone wants to be first.”

He joined Accenture’s CEO, Julie Sweet, on the program to discuss their enhanced partnership, which includes the formation of a new NVIDIA Business Group by Accenture. This initiative aims to assist organizations worldwide in rapidly scaling their AI adoption.

In a previous statement about the partnership, Sweet remarked, “We are breaking significant new ground with our partnership with NVIDIA and enabling our clients to be at the forefront of using generative AI as a catalyst for reinvention. Accenture AI Refinery will create opportunities for companies to reimagine their processes and operations, discover new ways of working, and scale AI solutions across the enterprise to help drive continuous change and create value.”

Huang emphasized the transformative power of AI, stating, “AI will supercharge enterprises to scale innovation at greater speed. NVIDIA’s platform, Accenture’s AI Refinery, and our combined expertise will help businesses and nations accelerate this transformation to drive unprecedented productivity and growth.”

NVIDIA’s shares increased by 1.6% during the day’s trading session on Wednesday and have surged 136% year-to-date.