NVIDIA Corporation (NASDAQ: NVDA) Update

NVIDIA Corporation shares rose by 1% in after-hours trading on Wednesday after CEO Jensen Huang stated that demand for the Blackwell product is “insane.”

“Blackwell is in full production, Blackwell is as planned, and demand for Blackwell is insane,” Huang mentioned during an interview on CNBC’s Closing Bell Overtime. “Everyone wants the most, and everyone wants to be first.”

Huang appeared alongside Accenture’s (NYSE: ACN) CEO Julie Sweet to discuss their expanded partnership, which includes the establishment of a new NVIDIA Business Group by Accenture to assist global enterprises in rapidly adopting AI technologies.

“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 stated regarding the partnership. She added that Accenture AI Refinery would help companies rethink processes, discover new operational methods, and scale AI solutions to drive continuous change and create value.

“AI will supercharge enterprises to scale innovation at greater speed,” Huang explained. “NVIDIA’s platform, Accenture’s AI Refinery, and our combined expertise will help businesses and nations accelerate this transformation to drive unprecedented productivity and growth.”

During the intra-day session on Wednesday, NVIDIA shares increased by 1.6% and are up 136% year-to-date.