Two of the mysterious customer alone were responsible for approximately 40 % of NVIDIA’s quarterly revenues

An unknown customer, identified in the file “Customer” and “Customer B”, constitutes 23 % and 16 % of the company’s revenue in the second quarter, respectively, according to the quarter -annual reports in NVIDIA with SEC. In the same quarter of last year, buyers who were identified as “customer A” and “customer b” constituted only 14 % and 11 %, respectively.

NVIDIA’s share was the hottest in 2024 and it rises about 30 % so far, but customer concentration raises questions about weaknesses. If these two cloudy clients change their purchase habits, for example, the chip maker may significantly cost.

The financial director of NVIDIA, Colette Chris, said in a statement that half of the revenues achieved by its largest money sector, which is its work in the data center, depends on cloud service providers.

NVIDIA controls more than 90 % of the GPU AI market, but some cloud service providers, i.e. Google and AmazonI started providing alternatives to NVIDIA chips – and until I started Develop their own devices.

However, at least one analyst has reduced the effect of NVIDIA mysterious customers. Although the spending of its buyer may change, the demand for the progress of artificial intelligence remains high, and NVIDIA chips are the best in this industry, said Dave Novosel, the chief investment analyst in communications, media, and technology in Gimme Credit.

“The concentration of revenues between this small group of customers is a great danger,” Novosel said luck. “But fortunately for NVIDIA, these customers have abundant money at hand, generate huge amounts of free cash flow, and are expected to spend extravagance on data centers over the next two years.”

In the SEC file, NVIDIA noticed that each of its unknown buyers are “direct customers”. These customers buy directly from NVIDIA, but the end user of the chips may not be. Some examples included in the deposit, but are not limited to additional manufacturers, distributors, original design manufacturers (ODMS), original equipment manufacturers (OEMS), and system integration.

NVIDIA spokesman refused to comment on luck On the identity of customers.

“We have seen periods where we receive a large amount of our revenues from a limited number of customers, and this trend may continue,” NVIDIA revealed the deposit.

On Wednesday, NVIDIA recorded revenues of $ 46.74 billion, which is 56 % higher than during the same period last year. A net income of $ 26.4 billion, an increase of more than 59 % on an annual basis.

The company referred to the constant building of artificial intelligence data centers by technology companies and demanding the latest Blackwell chip that it contributes to its victory over its profits. The company has noticed its “sovereign artificial intelligence” efforts, or sales of foreign governments, on the right path to bring 20 billion dollars this year, although the ongoing negotiations with the Trump administration have prevented the company so far From the sale of any of the H20 chips from AI-AI-AI-A-ACCERERATING to China.

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