Nvidia’s Jensen Huang defends Blackwell’s problems in a post-earnings interview

The company acknowledged this week that Blackwell’s problems necessitated a restart and were partly responsible for a drop in Nvidia’s gross margin.

Shortly after the initial call, Citi predicted that Nvidia’s earnings would fall below the estimated $2 billion it has delivered over the past four quarters because of the potential delay from Blackwell, Business Insider previously reported.

But in a post-earnings interview with Bloomberg TV, Huang defended Blackwell’s launch, saying the company had made a “massive change to improve performance” and insisting the platform’s functionality was “wonderful.”

“Today we are sampling Blackwell all over the world,” Huang told the press. “I’m giving people tours of the Blackwell systems we have running.”

The CEO reiterated that Nvidia has begun volume production on Blackwell and said production will begin shipping in the company’s fiscal fourth quarter, leading to “billions of dollars” in Blackwell revenue and further growth from there.

Interest in the next-generation chip remains high, but Blackwell’s capability is still weeks or months away.

As a result, Huang said on the earnings call that demand for Hopper, the company’s current graphics processing unit, remains “very strong.”

Analysts’ disappointment at the lack of information on Blackwell sent the stock lower after hours.

However, Huang told Bloomberg that AI spending is still on the rise.

“We’re going to have a big thing next year as well,” he said.