On November 20, Huang Renxun, the CEO of NVIDIA, announced that the company has amassed an ample supply of its latest Blackwell chips to cater to the escalating market demand, highlighting that the business is experiencing "exceptionally robust" performance. During an interview with Bloomberg TV, Huang elaborated on the statement from NVIDIA's third-quarter earnings report, which was published post-market close on Wednesday, stating that the "Blackwell product line is completely sold out." He clarified that this phrase denotes the full utilization of existing chips by customers, rather than a complete depletion of stock. "Our supply chain planning has been exemplary, and we currently possess a significant quantity of Blackwell chips ready for sale," Huang remarked. This declaration aligns with the optimistic sentiment conveyed during the earnings announcement. Alongside unveiling quarterly performance projections that surpassed analysts' expectations, NVIDIA also signaled that sales of its novel chips and systems are projected to exceed the previously established long-term sales target of $500 billion.
