Nvidia CEO Jensen Huang indicated the demand for its latest GPU, Blackwell, remains on track.
"Blackwell is in full production," Huang said Wednesday during an interview with CNBC. "Blackwell is as planned, and the demand for Blackwell is insane. Everybody wants to have the most, and everybody wants to be first."
Nvidia shares gained another 0.7% in overnight trading.
Shares of Levi Strauss & Co. slid 10.7% in overnight trading after the jeans maker tempered its full-year sales forecast and said it was weighing a possible sale of its struggling Dockers business, as it cuts costs and doubles down on newer denim offerings to attract inflation-embattled shoppers.
While management called out strength in its core Levi’s brand and potential gains from its new promotional campaign with megastar singer Beyoncé, they also pointed to sluggish sales in retail stores in Mexico and China’s weaker economy as a drag on the results.
Chinese ADRs and ETFs pull back After consecutive surges. YINN fell 5.6%; FXI fell 1.9%; KWEB fell 2.2%; Alibaba fell 1.1%; PDD Holdings fell 2.5%; NetEase fell 2.4%; NIO fell 2.9%; Li Auto fell 1%; XPeng and fell 2.6%.