NVIDIA Corp. (NASDAQ:NVDA) shares are climbing Thursday. On Wednesday, CEO Jensen Huang confirmed the company's highly anticipated Blackwell chips are in full production.
The Details:
Huang appeared on CNBC's Closing Bell Overtime on Wednesday and said Nvidia's Blackwell chips are in production and in high-demand.
"Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is insane," the Nvidia CEO said. "Everyone wants to have the most, and everyone wants to be first."
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Blackwell chips, which were introduced in March, are expected to begin shipping in the fourth quarter. Huang said previously that demand for the new chips is so great that it is causing some tension and frustration among Nvidia's customers.
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