Nvidia's new Blackwell processors, a key development in the AI tech race, will soon be a big driver of profit growth.

Microsoft (MSFT) shares gained more than 1% on Tuesday after it said its cloud business had become the first to offer Nvidia’s (NVDA) new Blackwell GPUs.

"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 ( NASDAQ: NVDA) CEO Jensen Huang indicated the demand for its latest GPU, Blackwell, remains on track. "Blackwell is in full production," Huang said Wednesday during an interview with CNBC. "Blackwell is as planned, and the demand for Blackwell is insane. Everybody wants to have the most, and everybody wants to be first."

Management says the Blackwell architecture for its latest GPUs is much more energy efficient. Why demand for Nvidia's GPUs is likely to remain robust for the foreseeable future. Nvidia ( NVDA 1.69%) has been one of the best performing stocks the past few years,

Nvidia CEO Jensen Huang has described the demand for the company’s upcoming Blackwell artificial intelligence chip as “insane.” In an interview with CNBC’s “Closing Bell Overtime,” Huang noted that every major player in the AI space is eager to secure the chip,

Nvidia CEO Jensen Huang displays the new Blackwell GPU chip, left, and the Hopper GPU chip, right, in March 2024. Photographer: David Paul Morris/Bloomberg via "There