NVIDIA disclosed in its latest earnings report that it has committed to spending $267 billion on memory and other supplies through fiscal year 2029 (ending January 2030). Analysts suggest that NVIDIA's lack of significant purchasing agreements listed beyond fiscal year 2029 could indicate a slowdown in demand for High Bandwidth Memory (HBM) after 2029, potentially impacting the stock prices of memory suppliers like Micron. Analysts predict that unless NVIDIA increases its commitments for fiscal year 2030 and beyond in advance, Micron's stock price could peak between December 2028 and January 2029. NVIDIA's purchasing commitments do not solely translate into Micron's revenue, as they also involve other major suppliers such as SK Hynix and Samsung.