In Q1 2024, Nvidia reported significant compute sales to OpenAI ($3.4 billion) and Microsoft ($2.9 billion). Nvidia disclosed in its 10Q filing that two indirect customers each contributed 10% or more to total revenue. Additionally, one direct customer accounted for 13% of revenue, and another for 11%.
.@Nvidia's 10Q filing sets off customer guessing game https://t.co/654rj32GQE In a regulatory filing, Nvidia said one direct customer was 13% of revenue in the first quarter and another direct customer was 11% of sales. Two indirect customers were more than 10% of sales.
A single customer made up 19% of Nvidia's revenue last year. UBS thinks it's Microsoft. https://t.co/M5hmyVGn1d
Report: Just Two Customers Account for 10% of Nvidia’s $NVDA Income. https://t.co/524I78ZgCh
Nvidia $NVDA said it has 2 indirect customers that each represented 10% or more of total revenue during Q1 https://t.co/NfFYVw7kv5
🔥NEWS: OpenAI bought $3.4 billion and Microsoft $2.9 billion in compute from Nvidia in Q1 2024 alone! 🤯 Nvidia published last night after hours its 10Q in which Nvidia states “Two indirect customers each represented 10% or more of total revenue for the first quarter (…) one… https://t.co/2Esb1a0M3E