Nvidia CEO Jensen Huang Dismisses Potential 2029 Memory Glut Concerns
Nvidia CEO Jensen Huang addressed recent market volatility regarding memory oversupply, stating he sees no sign of a memory glut by 2029. Speaking at the GTC Berlin conference, Huang emphasized that high-bandwidth memory (HBM) and LPDDR technologies will remain in high demand for data centers to drive energy efficiency and performance. The comments come as memory stocks faced a sell-off following reports suggesting an AI supercycle slowdown and a potential 'flood of new supply' by 2029. Huang also touched upon the geopolitical landscape, noting that U.S. export regulations have inadvertently accelerated China's domestic semiconductor manufacturing capabilities and nationalization efforts.