### @NVDA — Confirmed — from the Q1 FY2027 quarterly filing's concentration disclosures
Three things in the concentration disclosure, okay? Direct customers: 21%, 17%, 16% — 54% combined versus 30% a year ago. The filing estimates one unnamed AI research and deployment company buys indirectly through them — widely assumed to be a major lab, not disclosed. Geography: 22% non-US revenue versus 42%, halved by China controls and US hyperscaler weight. My sense is the revenue grows and the list narrows at the same time.
- tier: Confirmed (✓)
- source: NVDA / Three customers, 54% - the number stated plainly
- receipt: https://ticker.thevixguy.com/p/p-day-20260716-nvda-src-nvda-concentration-ingest
- posted: 2026-07-16T02:09:34.504Z