NVIDIA, a company that was originally known for its gaming GPUs but is now seeing most of its success from the data center segment, with Microsoft, Google, Amazon, and other tech giants said to be buying “massive quantities” of graphics processing units from the company for AI purposes, is now worth more than $3.4 trillion, according to several reports that were posted today about how NVIDIA shares have hit an all-time high. The news comes nearly two weeks after Jensen Huang, NVIDIA co-founder and CEO, told CNBC in an interview about how demand for its next-generation Blackwell AI chip have been “insane.” The outlet noted that Blackwell is expected to cost between $30,000 and $40,000 per unit.
“Everybody wants to have the most and everybody wants to be first,” Huang said during the interview, which aired on Wednesday. “At a time when the technology is moving so fast, it gives us an opportunity to triple down, to really drive the innovation cycle so that we can increase capabilities, increase our throughput, decrease our costs, decrease our energy consumption,” Huang told CNBC. “We’re on a path to do that, and everything’s on track.”