About 40% of the second quarter of Nvidia came from just two customers, according to A filing With the Security and Exchange Commission.
On Wednesday, Chipmekar 2 July July earned $ 46.7 billion records during the end of July-the growth for over 56% of years was mainly driven by the AI Data Center Boom. However, the next report highlights that the amount of this growth seems to be only coming from a few handfuls of customers.
Specifically, Nvidia says that a single customer has represented 23% of the total Q2 income, representing 16% of the sale Q2 income to another customer. Filing does not identify both these customers, simply refer to their “customer A” and “Customer B”
In the first half of the fiscal year, Nvidia said that the customer A and Customer B were 20% and 15% of the total income respectively. The company says that four more customers are responsible for 14%, 11%, more 11%and 10%of Q2 income.
In filing the company says that these are all “direct” customers – such as original tool manufacturers (OMS), system integrators or distribution – who buy their chips directly from Nvidia. Indirect subscribers, such as cloud service suppliers and customer internet companies, buy NVEDIA chips from these direct customers.
In other words, it seems impossible that a large cloud provided by Microsoft, Oracle, Amazon or Google can secretly be customer B or Customer B – though these companies may be indirectly responsible for that huge expenditure.
In fact, Nicole Cress, the Chief Financial Officer of the Nvidia, says that “the big cloud service supplier” Nvidia Data Center has been counted as 50% of earningsWhich as a result is 88% of the company’s total income, according to CNBC.
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What does this mean for the future possibilities of Nvidia? Gimme Credit Analyst Dave Novosel says to Fortune Although “the revenue density of such a small group of customers presents a significant risk, these customers have plenty of cash in the hands of these customers, a lot of free cash flow has been created and expensive is expected to be expensive over the next few years.”