Aug 27, 10:06 PM

Nvidia Says 99% of Singapore Data-Center Revenue Comes From U.S. Clients

Nvidia Chief Financial Officer Colette Kress told analysts the chipmaker booked more than 99% of its data-center compute revenue billed to Singapore from U.S.–based customers during the fiscal second quarter, underscoring how large cloud buyers are routing purchases through the city-state. She added that Singapore invoicing accounted for 22% of the quarter’s billed revenue as customers centralised procurement there. For the three months ended in July, Nvidia generated total revenue of $46.7 billion. One unnamed customer contributed 23% of that figure, or about $10.8 billion, while a second accounted for 16%, roughly $7.5 billion. Both customers’ spending fell within the company’s Compute & Networking segment that houses its data-center business. Kress also said Nvidia recorded no sales to China in the quarter, highlighting a further shift in geographic mix amid tightening U.S. export controls. The disclosures intensify investor focus on the company’s reliance on a small group of U.S. hyperscale clients and the financial implications of their purchasing patterns.

#Nvidia #Colette Kress #Singapore #Kress #China

Written with ChatGPT .