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Nearly half of Nvidia's revenue comes from four mystery whales each buying $3B+
CEO Jensen Huang claims his AI chip business is diversified, but his own company’s filings suggest just a few whales account for every second dollar in revenue during the past quarter.
In fact Nvidia’s business ties with these whales are so significant the company flags them in a section of its quarterly reports titled “concentration of revenue,” which is dedicated to cluster risks. Speaking to Bloomberg TV on Wednesday, CEO Jensen Huang answered a question on where demand is coming from, beyond the handful of hyperscalers like Microsoft, Google, and Amazon. Recommended reading: In our new special issue, a Wall Street legend gets a radical makeover, a tale of crypto iniquity, misbehaving poultry royalty, and more.
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