Nvidia Nets Record Revenue, Relies on Few Key Clients
Nvidia’s record second-quarter earnings were largely dependent on just two customers. According to documents filed with the Securities and Exchange Commission, of the $46.7 billion revenue generated in the second quarter of 2025, 23% came from “Customer A” and 16% from “Customer B,” TechCrunch reported.
Overall revenue saw a 56% increase, fueled by surging demand for AI data centers.
Although the customers’ names were not disclosed, Nvidia stated that they are primarily direct chip buyers such as original equipment manufacturers or system integrators.
Analysts note that while heavy reliance on a handful of companies carries certain risks, Nvidia’s prospects remain strong given the massive investments in the data center sector.
