NVIDIA CEO Has Good News for Micron and SanDisk Investors: "The Memory Shortage to Continue for Several Years" - 24/7 Wall St.

NVIDIA CEO Jensen Huang has emphatically declared that the global memory shortage, critical to powering the artificial intelligence revolution, will persist for 'several years' due to overwhelming demand across the supply chain. Speaking from Seoul on June 7, 2026, Huang underscored the insatiable appetite for everything from wafers to advanced packaging, dismissing the recent $1 trillion semiconductor market sell-off as a prime buying opportunity. His remarks arrive amidst a volatile market, where major memory players like Micron and SanDisk (now an independent entity) saw significant rebounds after initial plunges. This isn't merely a cyclical fluctuation; it's a structural realignment driven by the AI boom, forcing memory manufacturers to aggressively reallocate production from conventional DRAM and NAND towards high-margin High-Bandwidth Memory (HBM). HBM, essential for NVIDIA dominant AI accelerators, now consumes an outsized portion of global DRAM wafer capacity due to its complexity and lower yields, with its entire 2026 capacity already sold out. Analysts forecast unprecedented price surges for both DRAM and NAND through 2026 and into 2027, with figures from Gartner suggesting increases of 125% and 234% respectively this year alone. Looking ahead, this sustained scarcity tightens the grip of NVIDIA and its key memory partners like SK Hynix, with whom NVIDIA just sealed a multi-year partnership for next-gen AI memory development. Investors will keenly watch Micron's upcoming earnings report for further insights into HBM demand and supply, while the continued expansion of AI infrastructure by hyperscalers signals that the 'AI memory supercycle' is far from over. The scramble for crucial components will define market dynamics, pushing innovation in advanced packaging and potentially prompting new fab investments, though relief from new capacity remains years away.