Two Mystery Customers Alone Responsible for ~40% of Nvidia's Quarterly Revenue

The revelation that two mystery customers are responsible for a whopping ~40% of Nvidia's quarterly revenue has sparked a lively debate about the implications for investors and the company's overall risk assessment. While some commenters, like 2OEH8eoCRo0, find it "insane" that shareholders aren't privy to the identities of these major clients, others, like andsoitis, argue that knowing the specific companies might not materially change the risk assessment, given that Nvidia has already disclosed its heavy reliance on a few key players. Speculation is rife, with some guessing that the mystery customers might be tech giants like Microsoft, Meta, Amazon, or Google, while others throw Oracle into the mix, with one commenter, rasz, suggesting OpenAI is paying " $Bajillions for infra." As the discussion unfolds, it becomes clear that Nvidia's concentrated revenue stream is raising eyebrows and prompting questions about the company's diversification and long-term prospects.

Snapshot generated from the HN discussion