Nvidia CEO Jensen Huang told CNBC that a memory supply surplus is unlikely by 2029, despite a sell-off in memory stocks over the past week. The drop followed an October 15 column in a South Korean publication warning of a flood of new supply and a possible downturn after 2029, as well as news that China's CXMT unveiled a new design architecture that could take market share from SK Hynix, Samsung and Micron. Huang said memory, including HBM and the LPDDR Nvidia uses in data centers, will keep being used in large amounts, and he was open to working with CXMT. He also argued that U.S. chip export rules have accelerated China's push to nationalize semiconductor manufacturing, while saying American tech firms are 'mighty' and ready to compete.
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NVDAsemiconductorsChinaartificial intelligence
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.87 |
| Change that session | +2.49% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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