NVIDIA CEO Highlights "Insane" Demand for Blackwell Product Amid Expanded AI Partnership

NVIDIA Corporation shares saw a 1% increase in after-hours trading on Wednesday, following CEO Jensen Huang’s comments about the “insane” demand for the NVIDIA Blackwell product.

“Blackwell is in full production, Blackwell is as planned, and demand for Blackwell is insane,” Huang said on CNBC’s “Closing Bell Overtime.” The CEO highlighted the intense interest in the product, saying, “Everyone wants the most, and everyone wants to be first.”

Huang was joined by Accenture CEO Julie Sweet to announce an expanded partnership. As part of this collaboration, Accenture has launched a new NVIDIA Business Group, aimed at helping global enterprises accelerate AI adoption and leverage the full potential of the NVIDIA Blackwell technology.

“We are breaking significant new ground with our partnership with NVIDIA and enabling our clients to be at the forefront of using generative AI as a catalyst for reinvention,” Sweet explained. The Accenture AI Refinery will help companies transform processes, explore innovative workflows, and scale AI solutions throughout the enterprise to drive continuous change and create value.

In his remarks, Huang emphasized the role of AI in driving innovation: “AI will supercharge enterprises to scale innovation at greater speed. NVIDIA’s platform, combined with Accenture’s AI Refinery and our expertise, will help businesses and nations accelerate transformation, driving unprecedented productivity and growth.”

NVIDIA’s stock saw a 1.6% gain during the day’s trading session and has surged an impressive 136% year-to-date. This significant growth reflects the heightened demand for NVIDIA Blackwell and strong investor confidence in NVIDIA’s continued expansion in AI technologies.

The partnership between NVIDIA and Accenture is expected to further empower enterprises to leverage AI advancements effectively, with NVIDIA Blackwell poised to be a driving force in this transformative journey.