Nvidia chief Jensen Huang said during an interview with CNBC on Wednesday that demand for the tech giant’s Blackwell “Superchip” is “insane,” sending Nvidia shares up more than 3% on Thursday. Nvidia shares reached as high as $124.26 on Thursday before cooling down to $122.80 at market close, a 3.3% jump.

"Blackwell is in full production, Blackwell is as planned," Jensen Huang said. "Everybody wants to have the most and everybody wants to be first."

Nvidia (NVDA) shares will remain in the spotlight Thursday after CEO Jensen Huang said during a CNBC interview late yesterday that demand for the company’s next generation Blackwell artificial intelligence (AI) chips is “insane.

The Gen AI boom, of course, quickly made Nvidia, which has added more than $2 trillion to its market cap in just over a year, one of the world’s largest companies. The stock accounted for roughly 30% of the S&P 500’s gains in the first half of the year, with shares up over 154% year to date.

NVIDIA Corporation (NASDAQ: NVDA) shares saw a 1% increase in after-hours trading on Wednesday, following CEO Jensen Huangs comments about the insane demand for the NVIDIA Blackwell product. Blackwell is in

CEO Jensen Huang indicated the demand for its latest GPU, Blackwell, remains on track. "Blackwell is in full production," Huang said Wednesday during an interview with CNBC. "Blackwell is as planned,

Nvidia stock rallied after CEO Jensen Huang said the company was seeing "insane" demand for its new Blackwell chips.