Nvidia stock surges 5% after high demand reported for Blackwell GPU chips

From Yahoo Finance: 2024-10-03 18:36:22

Nvidia stock surged 5% after CEO Jensen Huang reported high demand for Blackwell GPU chips, currently in full production. The company aims to boost GPU performance yearly, impacting customer revenue and costs. Huang’s comments drove stock prices up, with Nvidia shares up 3% at $122.47. Nvidia continues to innovate, promising faster, more efficient GPU chips annually. Huang emphasized Nvidia’s commitment to reinventing every layer of the tech stack, from chips to software to networking components. The company’s focus on AI technology is driving growth and customer demand.



Read more at Yahoo Finance: Nvidia stock jumps after CEO Jensen Huang says ‘demand for Blackwell is insane’