[SAN FRANCISCO] Nvidia chief executive officer Jensen Huang said his company has enough new Blackwell chips to meet increasing demand and that business is “very, very strong”.
Speaking on Bloomberg Television, Huang offered a new insight into comments made earlier during his company’s third-quarter earnings report. His reference to the Blackwell product line being “sold out” meant that existing chips were being used at maximum capacity by customers, he said.
“We have planned our supply chain incredibly well,” Huang said. “We have a bunch of Blackwells to sell.”
The comments maintained the bullish tone struck during Nvidia’s report earlier Wednesday (Nov 19). The company rebutted concerns that the rapid pace of artificial intelligence spending is creating a bubble. Beyond delivering a stronger-than-expected quarterly forecast, Nvidia said that it would likely exceed a longer-term projection of US$500 billion for sales of new chips and systems.
Huang also said that Nvidia is getting an increasing portion of data centre spending because its products are adding more capabilities. The forthcoming Vera Rubin generation will deliver about US$35 billion of revenue for Nvidia out of the roughly US$55 billion spent on each gigawatt of computing power, Huang said.
The China market remains a weak spot due to US export restrictions. The company’s forecast for data centre chip sales in the country remains zero, Huang said.
The CEO said he’s working with the governments in Washington and Beijing to try to persuade officials to allow Nvidia back into that giant market. “Until then, we should assume zero,” he said. BLOOMBERG
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