Nvidia's Stock Surges Amid Insatiable Demand for Blackwell AI Chips
Nvidia has been making headlines as its stock soars, approaching record highs largely due to the enormous demand for its Blackwell AI processors, which are reportedly sold out for the next 12 months. Analysts, including Morgan Stanley, express increasing confidence in Nvidia, projecting potential sales of $10 billion from Blackwell chips by the fourth quarter. As of recent reports, Nvidia has overtaken Microsoft to become the world's second-largest company by market cap, sparking speculation that it may soon surpass Apple. With its shares up 25% in the past month and continued positive market indicators, Nvidia is positioned for significant growth. CEO Jensen Huang highlights the 'insane' demand for their new chips, and Wall Street remains optimistic about Nvidia's future performance.
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