Nvidia Says Two Mystery Customers Accounted for 39% of Q2 Revenue
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Nvidia's Q2 revenue heavily reliant on two mystery customers, sparking concerns about market risk and investor exposure.
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for that to happen there'd need to be a choice in the first place. Currently, there isn't. Not even in trials. Then that choice would need to work at thousands of nodes scales. Then that choice would need to have software support. And so on, and so forth.
Based on the amount of money they spent, I'm guessing Meta is one.
At current market cap of NVidia, their needs to be a massive increase in those customers spending, to the tune of trillions of $, and NVidia maintaining 70% margin. It's quite obvious that those customers would be much better off investing just a few billions to maybe find an alternative solution here. Maybe not now, maybe not next years, but certainly sooner that >50 years, which is the current NVidia PER.
The insanity of current valuations is one for the history books.
Dell’s data center group has also grown in leaps. HPE is also possible.