NVIDIA CEO Jensen Huang says AI supply crunch will persist as a multi-year condition, signaling sustained demand for memory makers Micron and SanDisk

Huang stated from South Korea that 'Demand is enormous. From wafers to silicon photonics and cable connectors, everything across the entire industry supply chain is in short supply.' NVIDIA also disclosed a multi-year partnership with SK Hynix to co-develop next-generation memory for its upcoming Vera Rubin systems.

Micron has discussed visibility extending into 2027, and SanDisk has signed five New Business Model multi-year customer agreements with firm financial commitments, positioning both companies to benefit if the shortage Huang outlined holds.

Micron was up 3.5% in overnight trading and SanDisk up 2.3% following Huang's remarks, after both stocks fell during the week (MU down 11.02%, SNDK off 8%).