Nvidia CEO Says 2029 Memory Glut Is Unlikely as Stocks Reel From Oversupply Fears
Updated
Updated · CNBC · Oct 22
Nvidia CEO Says 2029 Memory Glut Is Unlikely as Stocks Reel From Oversupply Fears
3 articles · Updated · CNBC · Oct 22
Summary
Jensen Huang said a memory surplus by 2029 is unlikely, pushing back after a weeklong sell-off in memory shares tied to fears of weakening AI demand and excess supply.
Huang told CNBC Nvidia can keep absorbing more memory, saying HBM will remain in use for years and LPDDR in data centers has delivered roughly 2x better energy efficiency.
The sell-off followed an Oct. 15 South Korean opinion column warning a flood of new supply could turn memory into a “red ocean” by 2029, while China’s CXMT unveiled a new architecture that heightened share-loss fears for SK Hynix, Samsung and Micron.
On China, Huang said Nvidia is open-minded about working with Chinese suppliers and argued U.S. export curbs have accelerated China’s semiconductor push, even as he said American tech firms remain strong competitors.