NVIDIA CEO Jensen Huang said in a CNBC interview on Thursday that despite memory stocks falling over the past week due to concerns about oversupply and weak demand, he does not foresee a memory oversupply until 2029. Huang noted that demand for memory, particularly HBM and LPDDR, is "insatiable," and the company is bringing LPDDR, typically used in mobile phones, into data centers to improve energy efficiency. He also stated that U.S. semiconductor export restrictions on China have accelerated the development of China's chip technology and manufacturing, and he is open to collaborating with Chinese memory companies such as CXMT.