Jensen Huang said on October 22, 2026, that he sees no sign of a memory glut by 2029, with demand expected to keep growing because of artificial intelligence workloads. The Nvidia CEO highlighted the growing importance of high-bandwidth memory and LPDDR as AI usage expands. In the second quarter of fiscal 2027, Nvidia reported revenue of $96.2 billion, up 106% year over year, including $89 billion from its data center business. Nvidia also committed $279 billion to purchases, a substantial portion of which went toward memory supplies, and expects supply constraints to restrain growth through at least January 2028.
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