Nvidia CEO Jensen Huang Rejects Memory Glut Fears, Expects Undersupply Beyond 2029

Nvidia CEO Jensen Huang pushed back against industry fears of an impending semiconductor downturn, asserting that tight memory supply will persist until after 2029. Speaking at Nvidia's GTC Berlin conference, Huang stated that expanding artificial intelligence architectures, robotics, and autonomous systems require ever-increasing memory capacity, dismissing concerns of a 2029 glut. The remarks follow a sell-off that sent major memory chipmaker stocks down by approximately one-third from their July peaks, pressured by peak margin anxieties and Chinese competition despite strong earnings, including Micron Technology's recent 86.8% gross margin.