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.

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