UBS - Nvidia's Top Customer May Be Microsoft Accounting For A Fifth Of Its Revenue: Report | Benzinga
In a recent report, it was suggested that NVIDIA Corp (NASDAQ:NVDA) has one customer that contributes to a significant portion of its revenue, with Microsoft Corp (NASDAQ:MSFT) being the likely candidate.
What Happened: A UBS note speculated that Microsoft might be Nvidia’s largest indirect customer, responsible for 19% of the chipmaker’s revenue in fiscal 2024, reported CNBC.
The report highlighted that Nvidia’s revenue is heavily reliant on a few major customers, with Microsoft possibly being the most significant. This revelation comes at a time when Nvidia’s sales are soaring, largely due to the demand for its advanced processors for artificial intelligence technology.
Despite the uncertainty surrounding Microsoft’s status as Nvidia’s top customer, the speculation has drawn attention to the influential role the chipmaker plays in the market. Nvidia’s stock has surged by 130% this year, and ...