Nvidia’s latest earnings reveal that more than half of its data‑center revenue comes from just three undisclosed clients. The company reported roughly 53% of data‑center sales tied to these customers, amounting to billions of dollars. Industry observers speculate the trio could include Elon Musk’s xAI, an OpenAI‑Oracle partnership, and Meta, though Nvidia has not confirmed any identities. Analysts warn that such concentration creates a structural vulnerability: a shift by any of the three could leave a sizable gap in Nvidia’s financials. Geopolitical factors and recent chip restrictions add further uncertainty to the outlook. Read more →

Nvidia’s latest earnings reveal that more than half of its data‑center revenue comes from just three undisclosed clients. The company reported roughly 53% of data‑center sales tied to these customers, amounting to billions of dollars. Industry observers speculate the trio could include Elon Musk’s xAI, an OpenAI‑Oracle partnership, and Meta, though Nvidia has not confirmed any identities. Analysts warn that such concentration creates a structural vulnerability: a shift by any of the three could leave a sizable gap in Nvidia’s financials. Geopolitical factors and recent chip restrictions add further uncertainty to the outlook. Read more →

Nvidia’s latest earnings reveal that more than half of its data‑center revenue comes from just three undisclosed clients. The company reported roughly 53% of data‑center sales tied to these customers, amounting to billions of dollars. Industry observers speculate the trio could include Elon Musk’s xAI, an OpenAI‑Oracle partnership, and Meta, though Nvidia has not confirmed any identities. Analysts warn that such concentration creates a structural vulnerability: a shift by any of the three could leave a sizable gap in Nvidia’s financials. Geopolitical factors and recent chip restrictions add further uncertainty to the outlook. Read more →

Nvidia’s latest earnings reveal that more than half of its data‑center revenue comes from just three undisclosed clients. The company reported roughly 53% of data‑center sales tied to these customers, amounting to billions of dollars. Industry observers speculate the trio could include Elon Musk’s xAI, an OpenAI‑Oracle partnership, and Meta, though Nvidia has not confirmed any identities. Analysts warn that such concentration creates a structural vulnerability: a shift by any of the three could leave a sizable gap in Nvidia’s financials. Geopolitical factors and recent chip restrictions add further uncertainty to the outlook. Read more →

Nvidia’s latest earnings reveal that more than half of its data‑center revenue comes from just three undisclosed clients. The company reported roughly 53% of data‑center sales tied to these customers, amounting to billions of dollars. Industry observers speculate the trio could include Elon Musk’s xAI, an OpenAI‑Oracle partnership, and Meta, though Nvidia has not confirmed any identities. Analysts warn that such concentration creates a structural vulnerability: a shift by any of the three could leave a sizable gap in Nvidia’s financials. Geopolitical factors and recent chip restrictions add further uncertainty to the outlook. Read more →

A recent SEC filing reveals that two unidentified customers accounted for roughly 39% of Nvidia’s second‑quarter revenue, with one contributing 23% and another 16%. The chipmaker reported record revenue of $46.7 billion for the quarter, driven by AI data‑center demand. Nvidia classifies these buyers as direct customers—OEMs, system integrators, or distributors—while cloud service providers purchase through them. CFO Nicole Kress noted that large cloud providers represent 50% of data‑center revenue, which itself makes up 88% of total revenue. Analysts warn of concentration risk but note the customers’ strong cash positions. Read more →