Nvidia says two customers account for nearly 40% of sales: What the SEC filing reveals

Two unidentified Nvidia customers accounted for nearly 40% of the chipmaker’s revenue in the July quarter, raising fresh concerns over its heavy dependence on a small set of clients. According to a CNBC report, Nvidia disclosed the details in a US Securities and Exchange Commission (SEC) filing last week, but declined to name the buyers.

According to the filing, “Customer A” contributed 23% of total revenue and “Customer B” made up 16%. For the first half of the fiscal year, these accounted for 20% and 15% of the total revenue, respectively.