Nvidia CEO Jensen Huang says no memory glut expected by 2029
In a CNBC interview on October 22, 2026, Nvidia CEO Jensen Huang said he sees no sign of a memory glut by 2029 and expects demand for high‑bandwidth memory (HBM) and LPDDR to keep climbing as AI workloads grow. He contrasted this outlook with earlier warnings of semiconductor shortages that could last several years.
Key points
- Nvidia posted $96.2 billion revenue in Q2 FY2027, a 106% YoY rise.
- Purchase commitments reached $279 billion in the quarter, over double the previous quarter.
- CEO Jensen Huang says no memory glut by 2029; CFO Colette Kress expects constraints through Jan 2028.
Nvidia reported $96.2 billion total revenue for the second quarter of fiscal 2027, a 106% increase year over year, with data‑center revenue reaching $89 billion, up 117%. The company’s purchase commitments hit $279 billion in the quarter, more than double the prior quarter, much of it directed at memory suppliers. CFO Colette Kress said memory‑supply constraints will act as a brake on growth at least until January 2028, and Nvidia expects HBM tightness to persist through the end of fiscal 2028. If scarcity continues, memory makers such as SK Hynix and Micron could see higher margins.
The story so far
7 episodes →- Nvidia CEO Jensen Huang says no memory glut expected by 2029this story
Nvidia CEO Jensen Huang sees no sign of a memory glut by 2029
cryptobriefing.com · 22 October 2026
Loading the full article…
This text was published by cryptobriefing.com and written by Diego Almada Lopez. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
Coverage and discussion
2sources- Nvidia's Jensen Huang says he sees no sign of a 2029 memory glut: 'You can always use more'Press · CNBC Technology ·
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Hardware & Compute
All →- Nirva raises $25 million ahead of November wearable AI companion launch · 1 src
- NVIDIA launches OpenShell Reference Architecture for safe AI agents at GTC Berlin · 13 src
- Navitas Gains After Nvidia 800V Board Launch: “AI Infrastructure Power Wall” · 1 src
- Google open-sources TorchTPU, a native PyTorch backend for TPUs, co-developed with Meta · 6 src
- Google Cloud launches Nvidia Vera Rubin A5X instances, targets 960,000 GPUs · 3 src
Comments
via GitHub Discussions