Nvidia CEO Jensen Huang dismisses fears of 2029 memory chip glut
Nvidia CEO Jensen Huang stated that an oversupply of memory chips by 2029 is unlikely, downplaying market concerns following a recent sell-off in memory stocks.
Nvidia CEO Jensen Huang dismissed expectations of a memory chip glut by 2029, asserting that market demand will continue to absorb rising capacity. Speaking to CNBC's Arjun Kharpal on the sidelines of Nvidia's GTC Berlin conference, Huang addressed questions over whether rising production could saturate the market, responding "I don't think so" regarding the chances of oversupply.[1][2][3][4]
"One of the things that's really great about memory is that you can always use more of it," Huang said, pointing to growing low-power DDR memory usage across data centers. His remarks followed a question referencing a South Korean newspaper opinion piece on Samsung and SK hynix that warned new supply could turn the memory sector into a "red ocean" by 2029.[3][4]
The comments arrived after memory equities fell under pressure due to fears of future oversupply and slowing demand. Amid the broader supply landscape, Huang also noted that he remains open to collaborating with Chinese chipmakers.[1][4]
Key facts
- Nvidia CEO Jensen Huang stated that a surplus of memory supply is unlikely by 2029.
- Huang told CNBC that "you can always use more" memory, citing LPDDR usage in data centers.
- The remarks were delivered during an interview on the sidelines of Nvidia's GTC Berlin conference.
- Memory stocks experienced a sell-off leading up to the interview over concerns about oversupply and weakening demand by 2029.
- Huang stated he is open to working with Chinese chipmakers.
Sources · 4 sources
- QU
Quartz@qzPost on X ·
Jensen Huang isn't worried about a 2029 memory glut — here's why Memory stocks took a beating this week over fears of oversupply by 2029, but Nvidia's CEO says demand will keep pace — and he's open to working with Chinese chipmakers. Meanwhil #JensenHuang #MemoryGlut #NvidiaGTC https://t.co/KxJ9mhnXhF
Open source - CN
CNBC@CNBCPost on X ·
Nvidia's Jensen Huang says he sees no sign of a 2029 memory glut: 'You can always use more' https://t.co/Rtr6JPFokP
Open source - EV
Evan@StockMKTNewzPost on X ·
Nvidia $NVDA CEO Jensen Huang just told CNBC today that a surplus of memory supply is unlikely by 2029 “One of the things that’s really great about memory is that you can always use more of it” https://t.co/lbTNV8AcbM
Open source - SE
Serenity@aleabitoredditPost on X ·
$NVDA Jensen Huang: Surplus of memory supply is unlikely by 2029. The CNBC question referenced a Korean newspaper opinion on $KOSPI / Samsung / SK Hynix that predicted "new supply will leave the memory sector a red ocean in 2029." "One of the things that's really great about memory is that you can always use more of it", Jensen said, citing LPDDR usage in DCs. And responded "I don't think so" in terms of possibilities of oversupply in 2029. Just my personal opinion, Nvidia probably has the most visibility in the entire industry. Especially around supply procurement and emerging capacity, given they're the ones leading all the architectural shifts. On durability, you have Samsung already allocated majority of capacity into 2031 from SED and hyperscalers like $GOOGL are already reportedly securing memory LTAs into 2035 from KeyBanc. Yet there's endless "it's all over" sentiment on memory now. I'd probably trust Jensen's opinion here.
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