Nvidia says two mystery customers accounted for 39% of Q2 revenue

Nvidia, a leading semiconductor company, has revealed that two unidentified customers accounted for a significant portion of its second-quarter revenue. According to the company's filing, "Customer A" and "Customer B" together contributed 39% of Nvidia's total revenue for the quarter. The company did not disclose the identities of these mystery customers, citing confidentiality agreements. However, the large share of revenue generated from these two entities underscores their importance to Nvidia's business. Nvidia's overall revenue for the second quarter was reported at $6.70 billion, representing a 3% year-over-year increase. The company's reliance on a small number of major customers highlights the concentration risk in its customer base, which could potentially impact its financial performance if there are any changes in these key relationships. The news raises questions about the diversification of Nvidia's customer portfolio and the potential risks associated with such a high degree of revenue concentration. Investors and analysts will likely scrutinize the company's efforts to broaden its customer base and reduce its dependence on a few dominant clients.