As AI Demand Rises ‘Substantially,” CEO Jensen Huang Wants You to Keep Buying Nvidia Stock

When the discussion is about AI, none can steal the limelight from Nvidia (NVDA). After competitor AMD (AMD) grabbed headlines for its seminal partnership with OpenAI to deploy 6 gigawatts of the former's GPUs, the Nvidia share price came under pressure. However, Nvidia CEO Jensen Huang has turned the narrative towards his company again after he stated in a recent interview with CNBC's Squawk Box that “This year, particularly the last six months, demand of computing has gone up substantially.”

Specifically about Nvidia, Huang presented a positive picture for the company's Blackwell chips, stating that “Demand for Blackwell is really, really high. I think we’re at the beginning of a new buildout, beginning of a new industrial revolution.”