Demand for NVIDIA’s Blackwell is ‘crazy’

Investing.com — Shares of NVIDIA Corporation (NASDAQ:NVDA) rose 1% after hours on Wednesday after CEO Jensen Huang said demand for its Blackwell product is “insane.”

“Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is crazy,” Huang said on CNBC’s Closing Bell Overtime Wednesday afternoon. “Everybody wants the most and everybody wants to be first.”

Huang was on CNBC with Accenture (NYSE:ACN) CEO Julie Sweet to discuss their expanded partnership. This includes Accenture’s formation of a new NVIDIA business group to help the world’s enterprises rapidly scale their adoption of AI.

“We are breaking significant new ground through our partnership with NVIDIA and enabling our customers to be at the forefront of using generative AI as a catalyst for reinvention,” Sweet said in a previous statement about the partnership. “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 drive continuous change and create value.”

“AI will supercharge enterprises to scale innovation at a higher speed,” Huang said. “The NVIDIA platform, Accenture AI Refinery and our combined expertise will help companies and countries accelerate this transformation to drive unprecedented productivity and growth.”

Shares of NVIDIA gained 1.6% during the intraday session on Wednesday and are up 136% year to date.

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