NVDA · News · 20260918N

HBM Memory Supply Concentration

NVIDIA CORP · 2026-09-18 · Importance 40 · Surprise 42

NVIDIA, Alphabet, and AMD reportedly purchased most of the high-bandwidth memory expected to be manufactured next year. The concentration of approximately 85% of AI-related HBM supply among three companies highlights potential memory availability and pricing exposure for NVIDIA’s AI systems. Securing HBM is financially relevant because it supports production of NVIDIA’s data-center GPUs and complete AI infrastructure platforms.

Key facts

• Nvidia, Alphabet, and AMD have already bought most of the high bandwidth memory that will be manufactured next year. source