Two mystery customers alone responsible for ~40% of Nvidia's quarterly revenue
11 days ago
- #AI
- #Nvidia
- #Earnings
- Nvidia's two biggest anonymous customers accounted for 39% of its Q2 revenue, up from 25% in the same quarter last year.
- Customer concentration poses a risk, as changes in buying habits could significantly impact Nvidia's revenue.
- Half of Nvidia's data-center business revenue relies on cloud providers, some of which are developing alternatives to Nvidia chips.
- Despite risks, demand for AI remains high, and Nvidia's chips are considered the best in the industry.
- Nvidia's revenue and net income saw significant year-over-year growth, driven by AI data center demand and Blackwell chip sales.
- Sovereign AI efforts are expected to generate $20 billion, though H20 chip sales to China are currently blocked.