Nvidia CEO Jensen Huang dismisses memory oversupply fears in 2029, says ‘one of the things that is…’

Nvidia CEO Jensen Huang dismissed concerns over a memory chip glut, saying that a supply surplus is unlikely to materialise by 2029, even as memory stocks tumbled over the past week on fears of cooling artificial intelligence (AI) demand and an increase in RAM production. Speaking to CNBC on the sidelines of Nvidia’s GTC Berlin conference, Huang pushed back against market speculation that the ongoing hardware supercycle is nearing an abrupt end.

“One of the things that’s really great about memory is that you can always use more of it,” Huang said, underscoring that High Bandwidth Memory (HBM), which is a specialised form of RAM critical for AI acceleration, will continue to see widespread use for years to come.