Dark
Light

Nvidia’s big revenue source: UBS predicts one major customer.

1 min read
35 views

TLDR:

UBS speculates that Microsoft is Nvidia’s largest indirect customer, contributing to 19% of Nvidia’s revenue in fiscal 2024. Nvidia’s sales have skyrocketed due to companies like Google, Microsoft, Meta, Amazon, and OpenAI purchasing their advanced chips for AI applications. With Nvidia’s stock up 130% year to date, it has become influential in the stock market.

Key Elements:

  • Nvidia’s largest customer, accounting for a fifth of revenue, is speculated to be Microsoft by UBS.
  • Nvidia’s sales have surged as tech giants purchase their advanced chips for AI applications.
  • Nvidia’s stock has seen a significant increase, reaching close to a $3 trillion market cap.

Nvidia, the chipmaker known for providing advanced processors for artificial intelligence technology, has seen a surge in sales due to major tech companies like Google, Microsoft, Meta, Amazon, and OpenAI purchasing their chips. UBS speculates that Microsoft may be Nvidia’s largest indirect customer, contributing to a significant portion of the company’s revenue in recent years. Nvidia’s stock has also experienced a remarkable increase, with a rise of 130% year to date, bringing the company closer to a $3 trillion market cap.

Microsoft has not commented on UBS’s speculation about their relationship with Nvidia. However, Nvidia’s influence in the stock market has grown to the point where a positive earnings report could potentially drive the market to new heights. Nvidia’s sales success and strong performance on the stock market indicate a promising future for the chipmaker in the tech industry.

Previous Story

Finance & Accounting Outsourcing Market Poised for Global Growth

Next Story

Global leader defines accounting rules for ESG loans.

Latest from News