On September 14, it was reported that Nvidia's customer concentration continues to rise. In the first six months of fiscal year 2027, the company's top three direct customers contributed 16%, 15%, and 13% of revenue respectively, accounting for 44%; the top two customers in fiscal year 2026 together accounted for 36%, while no single customer accounted for more than 10% of revenue in fiscal year 2023. The concentration of accounts receivable has further increased. As of July 26, 2026, Nvidia's top five direct customer accounts receivable accounted for 70%, up from 56% on January 25. As some large customers increase self-developed AI chips, the market is beginning to pay attention to its future impact on Nvidia chip procurement.

On September 14, it was reported that Nvidia's customer concentration continues to rise. In the first six months of fiscal year 2027, the company's top three direct customers contributed 16%, 15%, and 13% of revenue respectively, accounting for 44%; the top two customers in fiscal year 2026 together accounted for 36%, while no single customer accounted for more than 10% of revenue in fiscal year 2023. The concentration of accounts receivable has further increased. As of July 26, 2026, Nvidia's top five direct customer accounts receivable accounted for 70%, up from 56% on January 25. As some large customers increase self-developed AI chips, the market is beginning to pay attention to its future impact on Nvidia chip procurement.