The news: Nvidia, whose profits have soared by dominating the market for AI hardware and solutions, is reaping the benefits of demand for its upcoming Blackwell GPUs. OpenAI, Meta, Google, and Microsoft are all waiting on their massive orders.
Nvidia CEO Jensen Huang told CNBC on Thursday that “demand for Blackwell is insane. … Everybody wants to have the most and everybody wants to be first,” he said. Nvidia’s shares jumped 3% after his interview.
Breaking down Blackwell: Nvidia is hyping up demand after reported hardware delays due to design flaws sparked investor anxiety in August.