"Blackwell is in full production, Blackwell is as planned," Jensen Huang said. "Everybody wants to have the most and everybody wants to be first."

The head of the chipmaker and investor favorite said in an interview on CNBC Wednesday that demand for the company's AI chips is "insane."

His AI-powered search engine recently announced a $50 million Series B round with investors including Nvidia ( NVDA ), Salesforce ( CRM) Ventures, and DuckDuckGo. The capital raise valued the Google ( GOOG) and Yahoo rival at close to $1 billion.

Most individuals consider established markets – places with plenty of customers and money to be made – when they think about launching a new product or beginning a business. However, Nvidia (NASDAQ:NVDA) CEO Jensen Huang takes a different approach.

The chip maker’s chief executive revealed plans to sell millions of shares in the firm in an earlier regulatory filing.

Nvidia CEO Jensen Huang concluded a planned sale of more than $700 million worth of company stock, regulatory filings Tuesday showed.

Last year, Huang and Denny’s CEO Kelli Valade, who got her first job as a waitress at a diner when she was 16, unveiled a plaque at the Denny’s restaurant where Nvidia was born. The company has muscled into the artificial intelligence sector big time and briefly edged out Microsoft as the world's most valuable publicly traded company.

Nvidia shares climbed as much as 5% on Tuesday as Barron's reported CEO Jensen Huang is done with planned sales of stock. Huang has reached the 6-million-share maximum threshold he's permitted to sell under a prearranged plan adopted in March.