Nvidia has one customer accounting for a fifth of revenue, UBS has a guess on who it is

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Nvidia has one customer accounting for a fifth of revenue, UBS has a guess on who it is

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, UBS speculated in a note. The Wall Street bank pored over Nvidia’s filings and estimated that

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was its largest indirect customer, contributing to 19% of Nvidia’s revenue in fiscal 2024. In a more recent disclosure, Nvidia’s language about its customers became vaguer, saying “two indirect customers each represented 10% or more of total revenue for the first quarter of fiscal year 2025.” It leads UBS to its guess that one of the two could likely again be

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.

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did not immediately respond to an email from CNBC requesting comment. Nvidia sales have skyrocketed as companies such as 

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parent Alphabet, 

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, Meta ,

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and OpenAI buy billions of dollars of Nvidia’s graphics processing units, which are advanced and pricey chips required for developing and deploying AI applications. The Jensen Huang-led chipmaker’s incredible run is showing no signs of stopping with the stock up another 130% year to date and edging closer to a $3 trillion market cap. Nvidia has become so influential to the whole stock market that a good earnings report could unleash a wave of animal spirits that push the market to new heights. Earlier this month,

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touted new computers with Qualcomm’s energy-efficient Arm-based chips designed to run AI features in Windows, without quickly using up battery life.

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Investment strategy,Stock markets,NVIDIA Corp,

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Corp,Meta Platforms Inc,

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.com Inc,business news
#Nvidia #customer #accounting #revenue #UBS #guess

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