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Nvidia's Blackwell Chip Enters Full Production Amid Insane Demand, JPMorgan Projects Billions in Q4 Revenue

Oct 2, 2024, 09:10 PM

Nvidia CEO Jensen Huang announced that the company's next-generation chip, Blackwell, is now in full production and experiencing unprecedented demand. Speaking on CNBC, Huang emphasized that the demand for Blackwell is 'insane' and that everything is on track and 'on-schedule'. He also highlighted Nvidia's commitment to reducing costs for customers every two to three years or increasing throughput by 2-3x. JPMorgan projects that Nvidia expects several billion dollars in Blackwell revenue in Q4. Nvidia's stock rose by 1.37% in after-hours trading following the announcement.