Nvidia CEO Jensen Huang says a memory glut is unlikely in 2029, despite a recent sell-off in memory stocks driven by fears of oversupply and weakening demand. He argues that high-bandwidth memory and LPDDR memory will continue to be used extensively in data centers, with the latter providing twice the energy efficiency of existing technologies, according to him. Investors have also been concerned about CXMT’s announced production expansion and South Korean experts’ prediction of a flood of new supply in 2029 that could push the industry into a downturn. Huang said he is open to partnering with CXMT while acknowledging that U.S. restrictions have accelerated Chinese advances in semiconductors and memory manufacturing.
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