# Nvidia CEO Jensen Huang says no memory glut expected by 2029

Digest AI · Hardware & Compute · published 2026-10-22T06:26:00Z · updated 2026-10-22T13:12:38Z

Canonical: https://digestai.news/story/nvidia-ceo-jensen-huang-says-no-memory-glut-expected-by-2029

## Summary

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.

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.

## 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.

## Why it matters

Memory supply limits AI hardware costs; Nvidia’s confidence signals sustained demand and could keep memory prices high, benefiting makers and shaping AI deployment plans.

## Sources

1. [Nvidia CEO Jensen Huang sees no sign of a memory glut by 2029](https://cryptobriefing.com/nvidia-jensen-huang-no-memory-glut-2029) (cryptobriefing.com, 2026-10-22)
2. [Nvidia's Jensen Huang says he sees no sign of a 2029 memory glut: 'You can always use more'](https://cnbc.com/2026/10/22/jensen-huang-nvidia-memory-selloff-shortage.html) (CNBC Technology, 2026-10-22)

Part of the developing story: [AI Chip War Escalates Across Industry](https://digestai.news/thread/tsmc-manufactures-nvidia-and-apples-ai-chips-via-foundry-model) (7 stories)

## Cite

Digest AI, "Nvidia CEO Jensen Huang says no memory glut expected by 2029", 22 October 2026, https://digestai.news/story/nvidia-ceo-jensen-huang-says-no-memory-glut-expected-by-2029

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