Nvidia's Jensen Huang says he sees no sign of a 2029 memory glut: 'You can always use more'
Nvidia's Jensen Huang told CNBC that a surplus of memory supply is unlikely by 2029, as memory stocks have taken a beating in the past week.
TL;DR
- Nvidia CEO Jensen Huang does not foresee a memory supply surplus by 2029, despite recent concerns and a sell-off in memory stocks.
- Huang emphasized that there is always a need for more memory, citing the use of HBM and LPDDR in data centers for efficiency.
- Memory stocks have declined due to concerns about oversupply and weakening demand, partly influenced by an opinion column predicting a 'red ocean' market in 2029.
- Chinese memory manufacturer CXMT's new design architecture has also added to investor concerns about market share.
- Huang acknowledged China's manufacturing capabilities and stated that U.S. regulations have accelerated China's own chip technology and manufacturing initiatives.
- Nvidia remains open to partnering with Chinese companies, as is common in the global supply chain.