Nvidia says two mystery customers accounted for 39% of Q2 revenue | AI News Digest
Nvidia reported a record revenue of $46.7 billion for Q2, with nearly 40% coming from just two unidentified customers. These customers, referred to as 'Customer A' and 'Customer B,' accounted for 23% and 16% of total revenue, respectively. This concentration of revenue raises concerns about dependency on a small customer base, though analysts note that these customers are financially robust and likely to continue investing in data centers. Nvidia's Chief Financial Officer highlighted that large cloud service providers contribute significantly to the company's data center revenue. Overall, while the revenue concentration poses risks, the strong financial position of these customers may bode well for Nvidia's future.
