Nvidia's Q2 Revenue Soars Amid AI Demand, But Stock Faces Volatility

Nearly half of Nvidia's $30 billion Q2 revenue came from just four customers, raising concerns about revenue concentration and future growth.

Nvidia's Q2 revenue hit $30 billion, a 122% increase from the prior year, driven by strong GPU sales for AI applications.
Four unnamed customers accounted for 46% of Q2 revenue, highlighting Nvidia's reliance on a few major tech giants.
Despite high demand for its GPUs, Nvidia's stock has dropped 27% from its June peak, with potential for further decline.
Nvidia's new Blackwell AI GPUs are in high demand, but supply limitations and geopolitical risks in Taiwan could impact future availability.
Analysts caution that while Nvidia's short-term outlook is robust, internal and external competition may challenge its long-term dominance.