Nvidia CEO Jensen Huang dismisses 2029 memory glut fears, visits Kazakhstan
The gist
Nvidia CEO Jensen Huang said memory supply is unlikely to outstrip demand by 2029.
The remark came as chip stocks slid and Nvidia's China ties drew scrutiny.
How it unfolded
- Oct 15, 2026An opinion column in a prominent South Korean publication urged the government to brace for an AI slowdown, citing experts who expect a supply flood to turn the memory market into a "red ocean" in 2029.
- Oct 21, 2026At a GTC Berlin keynote, Huang told European businesses that "every company in Europe will become an AI company."
- Oct 22, 2026Huang told CNBC's Arjun Kharpal that memory supply is unlikely to outstrip demand by 2029, amid a week of declines in memory stocks.