Nvidia stock rises as CEO Jensen Huang touts 'insane' chip demand

Published On Oct 3, 2024, 1:19 PM

Nvidia's stock rose nearly 5% after CEO Jensen Huang announced 'insane' demand for their new Blackwell chips, which are now in full production. This positive momentum follows investor concerns related to previous production delays and broader market volatility. Overall, Nvidia's stock has seen significant growth over the past year, and analysts are optimistic about its continued performance, particularly in relation to the booming AI sector.

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Stock Forecasts

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Positive

With the strong demand for Nvidia's next-generation Blackwell chips and overall growth in artificial intelligence, the stock is likely to continue gaining traction.

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