Nvidia's Jensen Huang says he sees no sign of a 2029 memory glut: 'You can always use more'
- ID
- 38288
- Status
- summarized
- Published
- 22 Oct 2026, 9:12 PM
- Fetched
- 22 Oct 2026, 10:08 PM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/10/22/jensen-huang-nvidia-memory-selloff-shortage.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 4.0
- Created
- 22 Oct 2026, 10:10 PM
- Tags
- Audience
- developersai_ml_learnerssaas_founders
What happened
At GTC Berlin on Oct 22, 2026, Nvidia CEO Jensen Huang told CNBC's Arjun Kharpal he sees no memory oversupply by 2029, saying "you can always use more of it" and that HBM will be used "for years to come." He also claimed Nvidia was the first to put LPDDR — the memory that goes in phones — into data centers, delivering performance "twice as energy efficient" as anything else today. The remarks follow a week-long sell-off in memory stocks (SKHY, MU are the tickers CNBC lists alongside NVDA) on oversupply and weak-demand fears.
Why it matters
This is a vendor CEO's forecast, not supply data — the market spent the same week pricing the opposite view, so treat 2029 memory pricing as genuinely unresolved. The detail worth acting on is the LPDDR claim: if phone-grade memory keeps moving into data centers, demand shifts toward the same supply pool your laptop and phone depend on, which is a cost risk for hardware-heavy builds and on-device inference plans, not just GPU budgets. If you are signing multi-year cloud or hardware commitments, do not price them on an assumption of cheap memory in either direction.
Discussion angle
Huang's LPDDR-in-datacenter claim implies datacenter demand now competes with consumer device memory supply — does that change how you'd budget for on-device inference or hardware refreshes over the next 2-3 years?