Nvidia Sees 'Insane' Demand For Blackwell Chips, Designed for Generative AI Era. 'Everybody Wants to Be First,' Says CEO Jensen Huang. Stocks Surge in After-Hours Trading.

Benzinga

Nvidia stock surged Wednesday after CEO Jensen Huang reported insane demand for its upcoming Blackwell AI processors, expected to hit the market in Q4. Huang highlighted that "everybody wants to be the first" to obtain the new chips, which promise more than double the performance of Nvidia's Hopper processors. Nvidia shares closed up more than 1% and continued rising in after-hours trading. Huang unveiled the processors designed for the generative AI era in March.

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00:00It's Benzinga, and here's what's on the block.

00:02NVIDIA stocks surged on Wednesday after CEO Jensen Wang reported insane demand for its

00:07upcoming Blackwell AI processors, expected to hit the market in Q4.

00:12Wang highlighted that everybody wants to be the first to obtain the new chips, which promised

00:17more than double the performance of NVIDIA's Hopper processors.

00:20NVIDIA shares closed up more than 1% and continued rising in after-hours trading.

00:25Wang unveiled the processors designed for the generative AI era in March.

00:29For all things money, visit Benzinga.com.

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