NVIDIA CEO Jen-Hsun Huang said in an interview with CNBC's “Closing Bell Overtime” that demand for the company's next-generation artificial intelligence chip, Blackwell, is “crazy.”
“Everybody wants to have the most, everybody wants to be number one,” Huang said in the interview that aired Wednesday. Nvidia shares were up about 3% on Thursday morning.
Blackwell, which is expected to cost between $30,000 and $40,000 per unit, is popular with companies such as OpenAI, Microsoft, Meta and others building AI data centers to support products such as ChatGPT and Copilot.
Nvidia has been a major beneficiary of the artificial intelligence boom, with its shares up about 150% so far this year. The company's revenue in the second fiscal quarter continued to grow significantly, reaching $30.04 billion, an annual increase of 122%. Sales for the current quarter are expected to be $32.5 billion.
“At a time when technology is developing so fast, it gives us an opportunity to triple our efforts and really drive the innovation cycle so that we can improve capabilities, increase throughput, reduce costs and reduce energy consumption,” Huang told reporters nationwide. CBC News. “We're working hard to do that and everything is on track.”
Chief Financial Officer Colette Kress said in August that the company expected Blackwell's revenue to reach billions of dollars in the fourth quarter.
Jensen said Nvidia plans to update its AI platform every year to improve performance by two to three times.