Thursday, October 17, 2024
HomeMarketDemand for NVIDIA's Blackwell is 'insane'

Demand for NVIDIA’s Blackwell is ‘insane’

-


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

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

Huang was on CNBC with Accenture’s (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 AI adoption.

“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,” Sweet said in a statement earlier 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 help drive continuous change and create value.”

“AI will supercharge enterprises to scale innovation at greater speed,” Huang said. “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.”

Shares of NVIDIA gained 1.6% during the intra-day session Wednesday and are up 136% year-to-date.

Related Articles

Demand for NVIDIA’s Blackwell is ‘insane’ – Jensen Huang

Thousands in North Carolina still without water days after Helene’s destruction

Biden exempts some semiconductor factories from environmental reviews



Source link

LATEST POSTS

Bullish Momentum: 5 stocks with White Marubozu Pattern on October 16 – Headed Higher

IRFC Share Price150.7603:59 PM | 16 Oct 2024-0.35(-0.23%)Suzlon Energy Share Price75.0503:59 PM | 16 Oct 20241.35(1.82%)IREDA Share Price221.1103:59 PM | 16 Oct 2024-1.57(-0.71%)Tata Motors...

The stock market is in a ‘mania’ that will push it higher before a potential 26% drop in 2025, Stifel says

"We took a clean sheet look at the equity market and came away with the same smh (shaking my head) emoji reaction. Despite all...

Noel Tata set to be appointed to board of Tata Sons

MUMBAI: Noel Tata, chairman of Tata Trusts, which holds an approximately 66% stake in Tata Sons, is set to be appointed to...

Sub-Rs 1k crore shortcut on Bharatmala Map

New Delhi: The yet-to-be-awarded projects under Bharatmala Pariyojana that were halted in November 2023 will now be awarded directly by the ministry of road...

Most Popular

spot_img