Nvidia CEO Says AI Chip Sales Are ‘Off the Charts’

Core Insights - Nvidia's CEO Jensen Huang reported that the artificial intelligence chip business is experiencing unprecedented growth, with Blackwell sales described as "off the charts" and cloud GPUs being sold out [1] - The demand for AI compute is accelerating, with both training and inference growing exponentially [1] Group 1: Company Performance - Nvidia's earnings release highlighted robust sales in AI chips, indicating strong market demand [1] - The company is witnessing a significant increase in sales for its Blackwell chips, reflecting a booming AI sector [1] Group 2: Market Impact - Nvidia's strong earnings have contributed to a surge in its stock price, positively influencing the broader market [1] - The growth in AI chip sales is expected to continue driving market trends and investor interest in technology stocks [1]