Nvidia's Blackwell AI Processors Sold Out for 12 Months

Nvidia has announced that its next-generation AI processors, called Blackwell, are officially sold out for the next 12 months. Despite production progressing on schedule, the high demand for Nvidia's cutting-edge AI chips highlights the magnitude of the ongoing AI investment boom. Nvidia's stock is also nearing a key buy point as market optimism grows.

Blackwell Processors and Strong Demand

Nvidia executives, including CEO Jensen Huang, provided updates during meetings with investment bank Morgan Stanley, confirming that production of the Blackwell processors is on track. The news that the chips are already sold out underscores the high demand for Nvidia’s AI capabilities, particularly from major tech firms looking to accelerate their AI-driven projects.

Morgan Stanley analyst Joseph Moore commented on the announcement, emphasizing that the AI investment cycle is still in its early stages. He reiterated an overweight (buy) rating on Nvidia stock, with a price target of 150, and noted that Nvidia is well-positioned for an exceptionally strong 2025.

Market Reaction and Stock Performance

Following the announcement, Nvidia's stock rose over 1.5%, reaching $134.65, and is approaching a buy point of $140.76, according to IBD MarketSurge charts. Wall Street analysts, including Evercore ISI's Mark Lipacis, maintained a positive outlook on Nvidia stock, with Lipacis also setting a price target of 150. The anticipation surrounding Nvidia's future growth has positioned its stock as a top pick among semiconductor companies.

Nvidia's AI Summit and Industry Impact

During Nvidia's AI Summit in Washington, D.C., the company announced that eight partners are currently bringing Blackwell systems to market, with volume production expected to begin in the fourth quarter of this year. Bob Pette, Nvidia's vice president and general manager of enterprise platforms, highlighted in his keynote presentation how Nvidia's accelerated computing solutions are transforming industries like healthcare, cybersecurity, and manufacturing.

Outlook for AI and Accelerated Computing

Nvidia's Blackwell processors are part of the company's strategy to lead the AI market and support accelerated computing across industries. The strong demand and early sellout of Blackwell indicate that Nvidia is set to maintain its dominance in the AI space, as enterprises worldwide invest in AI technologies to drive innovation and growth. With volume production on schedule and key partnerships in place, Nvidia's influence in AI and data center technology continues to expand, shaping the future of accelerated computing.