Nvidia CEO Jensen Huang Dismisses 2029 Memory Glut Fears
Jensen Huang told CNBC he sees no coming memory surplus, offering a bullish counterpoint as memory stocks slide.
Nvidia CEO Jensen Huang pushed back Monday against growing Wall Street anxiety over a potential memory oversupply, telling CNBC directly that he sees no evidence a glut will materialize by 2029. His remarks came as memory-sector stocks absorbed significant losses over the past week, rattling investors already on edge about the pace of AI-driven chip demand.
Huang's argument was straightforward: the appetite for memory in AI infrastructure is effectively limitless. "You can always use more," he said, framing memory not as a commodity headed for surplus but as a resource that AI workloads will continue to absorb at scale. The comment signals Nvidia's confidence that demand from data centers and large language model training will keep pace with — or outstrip — any expansion in supply.
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The remarks carry particular weight given Nvidia's central role in the AI hardware ecosystem. As the dominant supplier of GPUs used in AI training and inference, Nvidia depends on high-bandwidth memory to power its chips, and Huang's public read on supply conditions is closely watched by analysts and investors alike. His dismissal of oversupply fears could provide near-term relief to memory manufacturers whose shares have been under pressure.
Whether Huang's optimism proves accurate will depend largely on how quickly AI adoption scales across enterprise and cloud customers in the years ahead. For now, his words represent one of the clearest executive-level signals that demand-side fundamentals remain intact despite the recent turbulence in memory markets.
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