NVIDIA's Q2 Revenue Soars 122%, Driven by Four Major Customers

Aug 31, 2024, 03:59 PM

NVIDIA reported a significant 122% revenue growth in the second quarter of 2024, driven largely by its data center business. The company's total revenue for the quarter amounted to $30 billion, with nearly half of this coming from just four major customers. These customers collectively contributed 46% of the total revenue, each purchasing over $3 billion worth of NVIDIA's products. The identity of these customers remains undisclosed, but speculation suggests they could be major tech companies like Amazon, Google, Microsoft, and Meta. This concentration of sales highlights NVIDIA's dominance in the AI and data center markets.