Nvidia CFO: Memory prices will continue to rise, SK Hynix expects supply and demand balance to be achieved no earlier than 2030

Micron Technology will announce its fiscal fourth-quarter results on September 30. NVIDIA CFO Colette Kress stated during the fiscal second-quarter conference call on August 26 that the company is seeing "extreme pricing conditions in memory," with price increases exceeding previous expectations, and that "will further rise next year." Pricing pressure has been reflected in NVIDIA's margins, with Kress guiding that gross margins will bottom out in the fourth quarter in the range of 71%-72%, before recovering to 72%-73% in fiscal year 2028.

Kress indicated that the current memory shortage is largely driven by AI infrastructure itself. SK Hynix expects the memory market to reach supply-demand balance no earlier than 2030 and has invested approximately $38.3 billion to expand its two domestic bases in South Korea through 2031. SK Hynix holds about 50% of the high-bandwidth memory market share, leading Samsung's 33% and Micron's 18%.