AI Overview
In 2024, Microsoft, Meta, Amazon, and Alphabet were among Nvidia's largest customers, with Microsoft potentially being the biggest. Nvidia's revenue concentration was high, with a single customer accounting for 19% of revenue. These companies are major players in the AI boom and are heavily investing in Nvidia's GPUs for their AI infrastructure.
Here's a more detailed breakdown:
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.A significant customer, likely the largest, with reports suggesting they purchased 485,000 Hopper GPUs in 2024, more than double the orders of Meta. Microsoft's substantial investments in AI, particularly for Azure and its AI services, drive this demand.
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.Another major customer, heavily investing in AI infrastructure, including its Llama AI models.
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.A large spender on AI, with plans to continue growing its AI infrastructure and spending.
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.Also a significant spender on AI infrastructure and capital expenditures, supporting its various AI initiatives.
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.Tesla, OpenAI, and potentially Oracle, are also mentioned as significant customers, with Tesla specifically planning to bring a cluster of 50,000 GPUs online for its self-driving software.
