Nvidia Corp. disclosed in a regulatory filing that revenue from a single unnamed customer represented 23% of its $46.7 billion fiscal second-quarter sales, or roughly $10.8 billion. A second customer accounted for an additional 16%, about $7.5 billion. Both relationships are tied to the company’s Compute & Networking unit, which houses its data-center business. The figures show that nearly 39% of Nvidia’s quarterly revenue—about $18.3 billion—came from just two buyers, underscoring the chipmaker’s dependence on a handful of large purchasers for its accelerated-computing products. Nvidia also said cloud service providers generated about half of its data-center revenue in the period, highlighting the continued surge in demand for hardware that supports artificial-intelligence workloads.
$NVDA disclosed that one customer drove 23% of Q2 sales ($10.8B) and another 16% ($7.5B). That’s nearly $18.3B combined, all tied to Compute & Networking (data center)
Nvidia $NVDA disclosed that one customer drove 23% of Q2 sales ($10.8B) and another 16% ($7.5B). That’s nearly $18.3B combined, all tied to Compute & Networking (data center) https://t.co/i8burCQcU9
Nvidia $NVDA said sales to just one customer represented 23% of its total $46.7 Billion of revenue from the quarter Someone spent $10.75 Billion with Nvidia during the quarter 🤯 https://t.co/2IbEocnnQn