Nvidia CEO Jensen Huang Rejects 2029 Memory Glut Fears Amid Sector Sell-Off

Nvidia CEO Jensen Huang pushed back against market fears of an impending semiconductor downturn, asserting that tight memory supply will persist until after 2029. Speaking at the GTC Berlin conference, Huang emphasized that artificial intelligence architectures continuously absorb higher memory capacities. His remarks follow a sell-off that dragged major memory chipmakers down by roughly one-third from their July peaks, driven by worries over peak margins and Chinese competition. Despite the drop, producers remain highly profitable, with Micron Technology reporting an 86.8% gross margin and an 80.7% operating margin.