Shares of NVIDIA Corporation (NASDAQ rose 1% after the close on Wednesday after CEO Jensen Huang said demand for its Blackwell product is “insane.”
“Blackwell is in full production, Blackwell is on schedule and the demand for Blackwell is crazy,” Huang said on CNBC's Closing Bell Overtime Wednesday afternoon. “Everyone wants the most and everyone wants to be the first.”
Huang was on CNBC with Accenture (NYSE ) CEO Julie Sweet to discuss their expanded partnership. This includes Accenture's formation of a new NVIDIA business group to help the world's businesses rapidly scale their adoption of ai.
“We are breaking new ground with our partnership with NVIDIA and enabling our customers to be at the forefront of using generative ai as a catalyst for reinvention,” Sweet said in a previous statement 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 empower businesses to scale innovation at greater speeds,” 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.”
NVIDIA stock gained 1.6% during Wednesday's intraday session and is up 136% so far this year.
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