Nvidia Addresses Growing Demand for Memory Chips at CES 2026
Nvidia CEO Jensen Huang highlighted the increasing need for memory chips to support the AI data center market during his keynote at CES 2026 in January. Huang’s insights have been validated as Micron Technology reported a significant rise in revenue to $41.4 billion in Q3 2026, up from $37.3 billion in 2025. Similarly, Sandisk saw a remarkable revenue increase of 251%, reaching $5.9 billion in Q3 2026, driven by its data center and edge divisions.
Both companies are securing long-term contracts to stabilize revenues amidst the memory market’s cyclical nature. Micron signed 16 strategic customer agreements worth $22 billion, while Sandisk entered into three contracts amounting to at least $42 billion. Year-to-date in 2026, Micron shares are up nearly 200% and Sandisk shares have surged by almost 500%, indicating strong investor confidence despite recent stock pullbacks.
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