Nvidia Only Has A Few Key Customers And They’re Warning You

Summary:

  • Nvidia Corporation saw double-digit returns due to continued GPU demand from key customers like Meta Platforms and Google.
  • Customers are indicating they may be overspending on Nvidia GPUs and could be done purchasing additional units.
  • Despite strong financial results, Nvidia’s path to justifying its almost $3 trillion valuation and future profitability is uncertain.

Nvidia Corporation building in Taipei, Taiwan.

BING-JHEN HONG

Nvidia Corporation (NASDAQ:NVDA) had an incredible day on the back of Microsoft (MSFT) and AMD (AMD) earnings. The company saw its first double-digit returns in a while as investors celebrated continued demand


Analyst’s Disclosure: I/we have a beneficial short position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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