Nvidia’s (NVDA-4.27% ) path to becoming the most valuable public company in the world this year has been laid by its artificial intelligence ch

3 Nvidia customers have each spent $10 billion on chips this year

submited by

Style Pass

2024-11-26 14:00:02

Nvidia’s (NVDA-4.27% ) path to becoming the most valuable public company in the world this year has been laid by its artificial intelligence chips and a handful of anonymous customers.

Earlier this week, the chipmaker reported $35.1 billion in revenues for its fiscal third quarter, surpassing Wall Street’s expectations. According to the company’s Form 10-Q , 36% of that revenue — or $12.6 billion — came from only three unnamed customers. For the three months ended in October, Customers A, B, and C each accounted for 12% of Nvidia’s quarterly revenue, the filing said.

The filing also shows that, in the first nine months of fiscal year 2025, sales to Customers B and C each made up 11% of revenue, while a Customer D accounted for 12% of revenue. That means Customers B and C have each spent around $10 billion on Nvidia’s tech so far this year, while Customer D has spent almost $11 billion. Nvidia reported revenues of $26 billion for the fiscal first quarter , and $30 billion for the fiscal second quarter .

In September, Nvidia’s 10-Q regulatory filing showed four anonymous customers made up nearly half of its $30 billion revenues for the second fiscal quarter. Sales from the four customers represented about 46% of total quarterly revenue, or $13.8 billion.