From Nasdaq: 2024-05-02 16:19:00

Nvidia’s stock has surged 500% since 2023, driven by high demand for its GPUs that power AI infrastructure. Tesla recently installed 35,000 of Nvidia’s H100 GPUs in its supercomputers. Major customers include tech giants like Amazon, Meta Platforms, Microsoft, and Alphabet, as well as AI startups and autonomous vehicle companies like OpenAI and Tesla.

Nvidia’s top customers remain undisclosed, but big tech companies make up around 40% of its revenue. While customer concentration poses some risk, competition from AMD and Intel may present a greater threat. The Motley Fool Stock Advisor team recommends 10 other stocks over Nvidia for potential monster returns.

Former Facebook director Randi Zuckerberg and Alphabet executive Suzanne Frey are on The Motley Fool’s board. The Motley Fool has positions in and recommends several tech companies, including Nvidia and Tesla. It also recommends certain options related to Intel and Microsoft.



Read more at Nasdaq: Who Are Nvidia’s Largest Customers?