Nvidia chief Jensen Huang said during an interview with CNBC on Wednesday that demand for the tech giant’s Blackwell “Superchip” is “insane,” sending Nvidia shares up more than 3% on Thursday. Nvidia shares reached as high as $124.26 on Thursday before cooling down to $122.80 at market close, a 3.3% jump.

Nvidia (NVDA) shares will remain in the spotlight Thursday after CEO Jensen Huang said during a CNBC interview late yesterday that demand for the company’s next generation Blackwell artificial intelligence (AI) chips is “insane.

OpenAI (MSFT) announced it had completed a $6.6 billion funding round, valuing it at $157 billion. The artificial intelligence startup’s raise is the largest private investment ever, and puts it among the top three largest startups with venture backing,

The Gen AI boom, of course, quickly made Nvidia, which has added more than $2 trillion to its market cap in just over a year, one of the world’s largest companies. The stock accounted for roughly 30% of the S&P 500’s gains in the first half of the year, with shares up over 154% year to date.

"Blackwell is in full production, Blackwell is as planned," Jensen Huang said. "Everybody wants to have the most and everybody wants to be first."

NVIDIA Corporation (NASDAQ:NVDA) shares added 1% after hours Wednesday after CEO Jensen Huang said demand for its Blackwell product is "insane." "Blackwell is in full production, Blackwell is as planned,