Nvidia chief Jensen Huang said during an interview with CNBC on Wednesday that demand for the tech giant’s Blackwell “Superchip” is “insane,” sending Nvidia shares up more than 3% on Thursday. Nvidia shares reached as high as $124.

"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’s (NVDA) next-generation artificial intelligence chip is in full production, and demand for it is “insane,” according to CEO Jensen Huang.