During a recent interview on CNBC, Huang said that demand for Blackwell is "insane" and that "everybody wants to have the most and everybody wants to be first." All things conside

A string of recent gains has left Nvidia close to its record closing high—adjusted for stock splits—of around $135, hit in June.

According to Moore, the product rollout is on schedule and Nvidia’s Blackwell GPUs are “booked out 12 months,” meaning customers who have not yet placed an order with the company won’t receive any Blackwell products until late 2025. Nvidia announced the Blackwell GPU family in March of this year.

The stock’s recent breakout from a multimonth bullish “pennant” chart pattern might have some on Wall Street targeting a rally above $170.

In five years, the stock has grown by close to 2,800%. To put that in terms of real dollars, a $5,000 investment in the company back then would be worth more than $140,000 right now. But investors may be concerned that the tech stock is too expensive to still be a good buy today.