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Nvidia CEO Jensen Huang: Demand for Blackwell AI Chip is "Off the Charts"
Nvidia CEO Jensen Huang described demand for the upcoming Blackwell AI chip as "off the charts" in a recent interview. Major tech companies like OpenAI, Microsoft, and Meta are vying to secure the chip, which is expected to cost between $30,000 and $40,000. Nvidia has seen its stock rise 150% this year, driven by its dominance in the AI market, with significant growth expected to continue as Blackwell shipments begin later this year
Nvidia’s next-generation Blackwell AI chip is experiencing unprecedented demand, according to CEO Jensen Huang.
In a recent interview with CNBC’s Closing Bell Overtime, Huang discussed the immense interest in the Blackwell chip. Below are the key points from the conversation:
Key Highlights
- Surging Demand: Jensen Huang described the demand for the Blackwell AI chip as “off the charts.”
- Industry Interest: Major companies like OpenAI, Microsoft, and Meta are competing to secure the chip for their AI data centers.
- AI Applications: The Blackwell chip will power cutting-edge AI platforms like ChatGPT and Copilot.
- Pricing: The chip is expected to be priced between $30,000 and $40,000 per unit.
Nvidia’s Financial Growth
Nvidia has been a major beneficiary of the artificial intelligence boom, as reflected in its financial performance:
- Stock Performance: Nvidia’s stock has surged by approximately 150% year-to-date.
- Revenue Growth: The company reported a remarkable 122% year-over-year revenue increase, reaching $30.04 billion in the fiscal second quarter.
- Future Outlook: Nvidia expects sales to rise further, with $32.5 billion projected for the upcoming quarter.
”Everyone wants to be first and have the most advanced technology,”
— Jensen Huang, CEO of Nvidia
Huang highlighted how Nvidia is not only meeting the demand but is also rapidly pushing the boundaries of innovation. The company is focused on:
- Increasing AI capabilities
- Improving throughput
- Reducing costs and energy consumption
Future Prospects for Blackwell
Chief Financial Officer Colette Kress stated in August that Nvidia expects Blackwell-related sales to generate several billion dollars in revenue during the fourth fiscal quarter.
Looking ahead, Huang revealed that Nvidia plans to update its AI platform annually, aiming for two to threefold improvements in performance each year. This continuous innovation will likely solidify Nvidia’s leadership in the AI sector for years to come.
With the rapid rise of AI technologies, Nvidia is set to maintain its dominance, and the Blackwell chip will play a pivotal role in shaping the future of AI-driven advancements.
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