NVIDIA (NVDA) Surges on Positive Comments About Blackwell Chip

Oct 03, 2024

NVIDIA (NVDA, Financial) shares rose by as much as 4.6% after CEO Jensen Huang provided an optimistic outlook on the company's latest Blackwell chip. In an interview, Huang mentioned that "Blackwell is in full production and demand is reaching a frenzied level." He noted that everyone is eager to be among the first to acquire the chip. NVIDIA plans to start mass shipments of Blackwell in the fourth quarter. This new processor is expected to perform 2.5 times better than the NVIDIA Hopper chip released two years ago. Introduced in March, Blackwell is positioned as the processor for the generative AI era.

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