AI and Tech: Understanding Nvidia's Revenue Dependency on Four Major Customers
AI and Tech: Nvidia's Revenue Dependency on Four Major Customers
Nvidia notched $30 billion in revenue for the second quarter, beating many analysts' estimates for the period. Nearly half of that came from four customers, according to an SEC filing from the company. That should keep investors on alert for the next year or two, Gil Luria, a tech analyst who covers Nvidia for D.A. Davidson, told Business Insider.
Revenue Breakdown
According to the company filing, just four customers brought in 46% of Nvidia's total Q2 revenue—about $13.8 billion. The companies are kept anonymous in the filing. There's no disclosure law that requires Nvidia to reveal its clients' names, Luria noted. However, the customers are likely to include Microsoft, Meta, Amazon, and Google, as all four are known to be ramping up their GPU stockpiles to support aggressive AI initiatives.
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