Paywalled: Nearly half of Nvidia’s revenue comes from just four mystery whales each buying $3 billion–plus https://fortune.com/2024/08/29/nvidia-jensen-huang-ai-customers/ Nearly half of Nvidia’s revenue comes from just four mystery whales each buying $3 billion–plus https://ca.finance.yahoo.com/news/nearly-half-nvidia-revenue-comes-123944199.html
It's not a big problem as long as those whales (Meta, Microsoft, Amazon, Alphabet and Tesla) keep spending. But they will only keep spending if they can eventually make money out of AI. I do think it's ridiculous that Nvidia got punished on Wall Street last week, eventhough revenue and profits skyrocketed and the guidance for the next quarter was good too. The problem is that the stock market barely makes any sense.
Nvidia has lost its momentum https://finance.yahoo.com/news/nvidia-death-cross-traders-high-134548268.html
Well, ~ Removed Off Topic Remarks ~, just about every popular stock has lost momentum. However, the stock market barely makes any sense though, Nvidia makes billions of dollars and still continues to grow, the stock should have been to $200 already. Yet, investors are more likely to buy crap like Reddit, AppLovin and Carvana.
