Business · Companies · 2 hrs ago
Nvidia CEO sees no memory chip glut through 2029
Nvidia CEO Jensen Huang said a memory chip glut is unlikely through 2029 in an interview in Berlin.
His comments push back against worries that weaker demand and rising supply could leave chipmakers with more memory than buyers need.
Memory chips store data, and demand has risen as companies build artificial intelligence systems and data centres.
Huang said demand for HBM and LPDDR will continue for years; HBM is used in AI chips, while LPDDR is a low-power type of memory.
His view matters to memory makers, including Samsung and SK Hynix, whose shares have recently fallen amid supply concerns.
Huang also said Nvidia is open to working with Chinese memory firms, including CXMT, though he did not announce a specific deal.
He gave no next steps or timetable beyond his expectation that memory use will remain high.
Nvidia CEO Jensen Huang said he sees little chance of a memory chip glut through 2029.
Speaking at Nvidia’s GTC conference in Berlin, he said memory demand would keep growing.
Huang said Nvidia expects to keep using high-bandwidth memory (HBM) for years and LPDDR memory in large quantities.
He said Nvidia was open to using memory products from China’s CXMT.
His comments came as memory stocks had fallen amid concerns about weaker demand and excess supply.
- Who
- Jensen Huang, Nvidia’s CEO.
- What
- He said a memory chip glut through 2029 was unlikely and that demand would keep growing.
- When
- October 22, 2026.
- Where
- Nvidia’s GTC conference in Berlin, Germany.
- Why
- He was responding to questions about concerns over memory oversupply and demand.
Memory oversupply concerns
Jensen Huang
Oversupply through 2029
Memory oversupply concerns
Some market participants have raised concerns about a glut by 2029.
Jensen Huang
Huang said he saw little chance of a memory glut through 2029.
Memory demand
Memory oversupply concerns
Recent memory stock declines reflected concerns about weakening demand and excess supply.
Jensen Huang
Huang said memory demand would grow and that Nvidia would continue using HBM and LPDDR.
Memory stocks fell amid concerns about weaker demand and excess supply.
Huang discussed memory demand and supply at Nvidia’s GTC conference in Berlin.
- Forecast horizon
- Through 2029
- Conference
- Nvidia GTC, Berlin
- Memory types
- HBM and LPDDR
- Chinese memory company
- CXMT
- Interview outlet
- CNBC
3 sources
What people are saying
I don't think so.
The real advantage of memory is that the more you have, the better.
We are open-minded.
The fundamental thing is the value these companies provide, and this issue will be resolved.