Nvidia Soars as Huang Declares ’Blackwell Demand Explodes’ - Hails New Industrial Revolution Era

Nvidia's stock rockets upward as CEO Jensen Huang drops explosive comments about unprecedented Blackwell demand

The Revolution Begins

Huang isn't just talking about another product cycle - he's positioning Blackwell as the catalyst for what he calls a 'new industrial revolution.' The demand numbers he's revealing aren't just high, they're 'really, really high' - the kind of phrasing that makes analysts scramble to upgrade their price targets while trying to sound measured about it.

Market Impact

When the company leading the AI hardware race starts talking about industrial revolutions, investors listen. The stock movement reflects more than just quarterly earnings expectations - it's betting on fundamental economic transformation. Though Wall Street analysts will undoubtedly caution about 'extended valuations' while quietly increasing their own positions.

Finance veterans remember when 'new paradigm' talk typically preceded painful corrections - but this time, they whisper, it might actually be different. Until the next earnings report, anyway.

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CEO Jensen Huang told CNBC that demand for artificial intelligence is expanding faster than ever. “Demand for Blackwell is really, really high,” Huang said. “I think we’re at the beginning of a new buildout, beginning of a new industrial revolution.”

Nvidia’s Blackwell chips are designed for high-intensity computing tasks such as generative AI and large language models, making them a key driver of the company’s next phase of growth. Huang also confirmed that Nvidia is backing Elon Musk’s AI startup, xAI, which has been ramping up data-center capacity and chip orders.

TSMC Revenue Growth Strengthens the AI Trade

Nvidia’s supplier Taiwan Semiconductor Manufacturing reported a 31% year-over-year revenue increase in September, reaching 331 billion New Taiwan dollars ($10.9 billion). From January through September, total revenue hit NT$2.76 trillion, up 36% compared with the same period last year.

“There is no real sign of a slowdown in AI-driven demand in the latest numbers from TSMC,” said Russ Mould, investment director at AJ Bell. He added that while demand eased slightly month-over-month, the year-over-year growth remains “impressive for a company of its size.”

TSMC’s results further validated the strength of the AI supply chain that Nvidia dominates, reinforcing investor confidence in continued chip-sector expansion.

AI Demand Keeps Nvidia’s Momentum Intact

Nvidia shares have already surged more than 40% this year, fueled by record data-center sales and accelerating demand for AI infrastructure. Analysts say that the company’s close ties with major hyperscalers, its expanding software ecosystem, and strong chip orders from partners like TSMC could keep the rally going into 2026.

At its current pace, Nvidia remains one of the defining stocks of the AI era, and Thursday’s pre-market rally shows that investor enthusiasm is still building rather than slowing down.

Is Nvidia Stock a Buy, Hold, or Sell?

Nvidia (NVDA) continues to hold a Strong Buy consensus from 39 Wall Street analysts. Out of the 39 analysts covering Nvidia over the past three months, 36 recommend a Buy, two rate it as a Hold, and just one suggests a Sell.

The average 12-month NVDA price target stands at $217.75, implying a potential 15.14% upside from the recent price.