AI accelerators · GPU · Data center

NVIDIA

Dominates AI accelerators (GPUs). Q1 FY2027 revenue $81.6B (+85%), of which Data Center $75.2B (+92%); Q2 guidance $91B. Buys HBM from SK hynix, Samsung and Micron, and outsources wafers to TSMC and Samsung foundry. Revenue is concentrated in a few large direct cloud customers.

NVDA Updated Jul 12, 2026 6 AI consumers· 5 recurring

Per the valuechain.wiki graph, NVIDIA is directly linked to 89 companies (41 supply, 49 revenue, 6 investment relationships) and reaches 178 companies within two hops; the links are backed by 120 dated sources, 23 of them primary filings (as of 2026-07-12).

Annual return · 2026-07-10'21+125.5%'22-50.3%'23+239%'24+171.2%'25+38.9%YTD+13.3%
Money in ▸Super Micro●Amount $215.9BIREN●Amount $215.9BOpenAI●Amount $215.9BAurora Innovation●Amount $215.9BWiwynn●Amount $215.9BQuanta Computer●Amount $215.9BDell Technologies●Amount $215.9BOracle●Amount $215.9BLenovo●Amount $215.9BHewlett Packard Enterprise●Amount $215.9BCoreWeave●Amount $215.9BFoxconn (Hon Hai)●Amount $215.9BCelestica●Amount $215.9BNebius Group●Amount $215.9BRecursion Pharmaceuticals●Amount $215.9BMicrosoft●Revenue share 19%SK Telecom●Illumina●General Motors●현대차그룹●Gigabyte (AI-server ODM)●위스트론 (AI 서버 GPU 공급처)●지리·지커●Anthropic◐Amount $215.9BTeraWulf◐Amount $215.9BPony.ai◐Amount $215.9BSnowflake◐Amount $215.9BTesla◐Amount $215.9BPalantir Technologies◐Amount $215.9BKratos Defense◐Amount $215.9BSchrodinger◐Amount $215.9BToyota Motor Corporation◐Amount $215.9BUber◐Amount $215.9BCloudflare◐Amount $215.9BAlibaba Group◐Amount $215.9BTempus AI◐Amount $215.9BTencent Holdings Limited◐Amount $16BAmazon◐Units 196,000Meta Platforms◐Revenue share 9%Alphabet (Google)◐ASUSTeK Computer◐바이두 (중국 AI 클라우드·검색)◐IBM (watsonx, IBM Cloud GPU)◐Rigetti Computing○Amount $215.9BCrowdStrike○Amount $215.9BDatadog○Amount $215.9BServiceNow○Amount $215.9BIonQ○Amount $215.9BMercury Systems○Amount $215.9B
NVIDIA$215.9B
▸ Money outCoherent●Amount $215.9BMonolithic Power●Amount $215.9BASE Technology●Amount $215.9BSynopsys●Amount $215.9BCadence Design Systems●Amount $215.9BArm Holdings●Amount $215.9BUnimicron●Amount $215.9BLumentum●Amount $215.9BEoptolink●Amount $215.9BAmphenol●Amount $215.9BCorning●Amount $215.9BABB●Amount $215.9BAstera Labs●Amount $215.9BIbiden●Amount $215.9BLuxshare Precision●Amount $215.9BInnoLight●Amount $215.9BDelta Electronics●Amount $215.9BSK hynix●Micron Technology●Samsung Electronics●TSMC●onsemi (AI DC 800VDC power)●위스트론 (AI 서버 ODM)●Siemens EDA◐Amount $215.9BKioxia◐Amount $215.9BNan Ya PCB◐Amount $215.9BAdvantest◐Amount $215.9BTeradyne◐Amount $215.9BLG Innotek◐Amount $215.9BFabrinet◐Amount $215.9BKeysight Technologies◐Amount $215.9BMurata Manufacturing◐Amount $215.9BSamsung Electro-Mechanics◐Amount $215.9BKing Yuan Electronics (KYEC)◐Amount $215.9BTE Connectivity◐Amount $215.9BMediaTek◐Amount $1BBYD전자 (액체냉각)◐무라타 (MLCC)◐페가트론 (AI 서버 ODM)◐Digital Realty○Amount $215.9BAnalog Devices○

Financials & Segments

  • Total revenue · $215.9B (FY2026, +65%) · latest quarter $81.6B (FY2027 Q1, +85% YoY, Data Center 92%)
  • Customer concentration · Three direct customers at 21%, 17% and 16% of revenue (FY2027 Q1; top three 54%, unnamed). End customers are hyperscalers
  • Segments · Data Center · Gaming · Pro Visualization · Automotive

Revenue from

  • Super Micro High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies AI-server GPUs/platforms to Super Micro.
    Confirms KO ZDNet Korea Published Aug 25, 2025: Lambda builds AI factory on Supermicro NVIDIA Blackwell servers
    Confirms EN SEC EDGAR Published May 6, 2025: Super Micro quarterly results (8-K)
  • IREN High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    GB300 GPUs for IREN AI cloud.
    Confirms EN CNBC Published May 7, 2026: IREN inks AI infrastructure deal with NVIDIA
  • OpenAI High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies 10GW of AI systems to OpenAI; up to $100B cross-investment.
    Confirms KO Wikipedia Published Jan 1, 2026: OpenAI
    Confirms EN CNBC Published Sep 22, 2025: Nvidia to invest up to $100B in OpenAI
  • Aurora Innovation High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    DRIVE Thor for Aurora driverless-truck compute.
    Confirms EN Aurora Published Jan 15, 2025: Aurora, Continental and NVIDIA driverless-truck partnership
  • Wiwynn High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies AI-server GPUs to Wiwynn.
    Confirms EN Wiwynn/TWSE Published Mar 1, 2026: Wiwynn IR (TWSE annual)
    Confirms EN TrendForce Published May 5, 2025: MS/Meta AI spend lifts NVIDIA ODM Wiwynn
  • Quanta Computer High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GB200 GPUs/platforms to Quanta.
    Confirms EN Quanta/TWSE Published Mar 1, 2026: Quanta IR (TWSE annual)
    Confirms EN TweakTown Published Aug 1, 2024: NVIDIA GB200 AI servers: Foxconn 40%, Quanta 30%
  • Dell Technologies High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs for Dell AI servers.
    Confirms EN SEC EDGAR Published Nov 25, 2025: Dell FY2026 quarterly results (8-K)
  • Oracle High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs to OCI at scale.
    Confirms EN SEC filing Published Feb 25, 2026: NVIDIA FY2026 Form 10-K (FYE Jan 25, 2026) — revenue $215.9B (+65%), Data Center $193.74B (+68%, 90%)
    Confirms EN CIO Dive Published Oct 15, 2025: Oracle teams with AMD, Nvidia for cloud infrastructure
  • Lenovo High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs for Lenovo AI servers.
    Confirms EN EBC Published May 1, 2026: Lenovo ISG AI servers $19.2B, $21B pipeline
  • Hewlett Packard Enterprise High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs for HPE AI servers.
    Confirms EN Futurum Published Dec 10, 2025: HPE Q4 FY2025: AI orders and Juniper
  • CoreWeave High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs (incl. GB200) to CoreWeave at scale plus $2B investment.
    Confirms KO Wowtale Published Jan 27, 2026: NVIDIA invests $2B in CoreWeave; 5GW AI factory by 2030
    Confirms KO ZDNet Korea Published Sep 16, 2025: NVIDIA-fueled CoreWeave triples since IPO
  • Foxconn (Hon Hai) High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GB200 superchips/platforms to Foxconn for rack assembly.
    Confirms EN Foxconn Published Mar 1, 2026: Hon Hai (Foxconn) unpacks AI progress at NVIDIA GTC
    Confirms EN SEC filing Published Feb 25, 2026: NVIDIA FY2026 Form 10-K (FYE Jan 25, 2026) — revenue $215.9B (+65%), Data Center $193.74B (+68%, 90%)
    Confirms EN CNBC Published Dec 5, 2025: NVIDIA partner Foxconn reports 26% revenue spike on AI boom
  • Celestica High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs for Celestica AI racks/servers.
    Confirms EN SEC EDGAR Published Oct 27, 2025: Celestica FY2025 Q3 results (8-K)
  • Nebius Group High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs to Nebius cloud (and invested).
    Confirms EN SEC EDGAR Published Nov 1, 2025: Nebius FY2025 results (6-K)
  • Recursion Pharmaceuticals High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs for Recursion BioHive supercomputer.
    Confirms EN Recursion Published Jul 12, 2023: Recursion-NVIDIA collaboration and $50M investment
  • Microsoft High confidence· Revenue share 19% (est.) · FY2025 · Bloomberg estimate (annualized)
    Largest customer. About 19% of NVIDIA revenue (Bloomberg estimate, annualized).
    Confirms EN SEC EDGAR Published May 20, 2026: NVIDIA Form 10-Q for the quarter ended April 26, 2026
    Confirms EN SEC filing Published Feb 25, 2026: NVIDIA FY2026 Form 10-K (FYE Jan 25, 2026) — revenue $215.9B (+65%), Data Center $193.74B (+68%, 90%)
    Confirms EN Motley Fool Published Feb 14, 2026: Nvidia's biggest customers: Amazon, Google, Meta, Microsoft
    Mentions EN Quartz Published Aug 29, 2024: Nvidia gets almost half its revenue from just 4 customers
  • SK Telecom High confidence
    Launched GPUaaS on NVIDIA H100 and introduced H200 first in Korea; the SK Group AI Factory runs 50,000+ NVIDIA GPUs with a gigawatt-scale Ulsan AI data center. SKT is an NVIDIA Cloud Partner.
    Confirms EN The Korea Herald Published Jan 13, 2025: SKT GPUaaS runs on NVIDIA H100, first H200 in Korea
  • Illumina High confidence
    Accelerates its DRAGEN secondary-analysis pipeline on NVIDIA GPUs and integrates NVIDIA BioNeMo/RAPIDS/MONAI generative genomics AI (Jan 2025 collaboration).
    Confirms EN Illumina Published Jan 13, 2025: Illumina and NVIDIA collaborate to decode biology
  • General Motors High confidence
    DRIVE AGX in-vehicle and Omniverse factory-AI customer (GTC 2025).
    Confirms EN NVIDIA IR Published Mar 18, 2025: GM and NVIDIA collaborate on AI for vehicles and manufacturing
  • 현대차그룹 High confidence
    Omniverse, Isaac and DRIVE Hyperion adoption plus a 50,000-GPU Blackwell AI factory.
    Confirms EN NVIDIA Published Nov 1, 2025: Hyundai, Kia and NVIDIA expand autonomous-driving partnership
  • Gigabyte (AI-server ODM) High confidence
    NVIDIA supplies GB200/Blackwell GPUs to Gigabyte — as a priority ODM, Gigabyte is allocated GPUs it integrates into AI servers and resells. For NVIDIA, Taiwan's ODM channel is the distribution path that carries data-center GPUs to end customers in system form. (A symmetric cost edge exists on the Gigabyte node.)
    Confirms EN DigiTimes Published Feb 24, 2025: Asus and Gigabyte secure major AI server orders from NVIDIA
  • 위스트론 (AI 서버 GPU 공급처) High confidence
    NVIDIA supplies Blackwell GPUs to ODMs such as Wistron, which assemble GB200/GB300 racks; value not disclosed.
    Confirms EN Tom's Hardware Published May 1, 2025: NVIDIA GB200 rack server ODM share
  • 지리·지커 High confidence
    Zeekr is Nvidia's first Drive Thor production customer and a Drive Orin adopter; Nvidia supplies autonomous-driving SoCs to the Geely group.
    Confirms EN CnEVPost Published Jan 7, 2025: Zeekr releases Nvidia Thor-based smart driving kit at CES 2025
  • Anthropic Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs to Anthropic as secondary compute.
    Confirms EN Anthropic Published Apr 21, 2026: Anthropic expands Google/Broadcom partnership for multi-GW compute
  • TeraWulf Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    GPUs for TeraWulf HPC.
    Confirms EN CoinDesk Published Oct 28, 2025: TeraWulf $9.5B Google-backed compute deal
  • Pony.ai Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Compute for Pony.ai robotaxi autonomy.
    Confirms EN Caixin Global Published Nov 27, 2025: Pony.ai to triple fleet to 3000 by 2026
  • Snowflake Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    GPU clusters for Snowflake Cortex.
    Confirms EN Yahoo Finance Published Dec 1, 2025: Snowflake rides strong AI demand (Cortex, NVIDIA)
  • Tesla Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs for Tesla AI training.
    Confirms EN Humanoid Guide Published Jan 1, 2026: Tesla Optimus specs and roadmap
  • Palantir Technologies Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies GPUs/infra to Palantir AI.
    Confirms EN TradingView/Zacks Published Jan 1, 2026: Palantir +100% in 2025 on AIP and government deals
  • Kratos Defense Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies compute for unmanned/autonomous systems.
    Confirms EN Finimize Published Jan 1, 2026: Kratos stock soars on hypersonics
  • Schrodinger Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    GPUs for Schrodinger simulation.
    Confirms EN StockTitan Published Feb 25, 2026: Schrodinger 2025 revenue $256M, narrowed loss
  • Toyota Motor Corporation Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    NVIDIA supplies DRIVE AGX Orin and DriveOS to Toyota's next-generation vehicles, making Toyota a key customer in NVIDIA's automotive business, which it projects at about $5 billion in fiscal 2026.
    Confirms EN NVIDIA Investor Relations Published Jan 6, 2025: Toyota, Aurora and Continental Join Growing List of NVIDIA Partners for Next-Generation Automated Vehicles
  • Uber Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uber is building its robotaxi network on the NVIDIA DRIVE platform (up to 100k vehicles from 2027). For NVIDIA, Uber is an autonomous-compute and platform revenue source.
    Confirms EN Uber Investor Relations Published Oct 28, 2025: Uber to Deploy One of the World's Largest Networks of Autonomous Vehicles, Powered by NVIDIA AI Architecture
  • Cloudflare Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Edge GPUs for Cloudflare Workers AI.
    Confirms EN Cloudflare Published Sep 1, 2024: Cloudflare Workers AI GPU upgrade
  • Alibaba Group Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    A major buyer that, with ByteDance and Tencent, placed $16B+ combined H20 orders in Q1 2025; after April 2025 export licensing, Alibaba accelerates substitution with its T-Head PPU chip. Standalone amount undisclosed.
    Mentions KO AI Times Published Sep 17, 2025: CCTV: Alibaba's in-house AI chip on par with Nvidia's H20
    Confirms EN Tech Startups Published Apr 2, 2025: Chinese tech firms rush to order $16B in Nvidia's H20 AI chips
  • Tempus AI Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Compute for Tempus AI model training.
    Confirms EN Yahoo Finance Published Jan 1, 2026: Tempus diagnostics and data arms drive growth (AZ foundation model)
  • Tencent Holdings Limited Medium confidence· Amount $16B · H20 비축(3사 합산 보도) · Nikkei 보도
    H20 GPU sales to Tencent. The reported ~$16bn stockpile is an aggregate across three Chinese cloud firms (Tencent, Alibaba, ByteDance); Tencent-only value undisclosed — procurement under export controls.
    Confirms EN HKEX filing Published Apr 9, 2026: Tencent Holdings — 2025 Annual Report (HKEX 0700)
    Mentions EN The Outpost / Nikkei Asia Published Aug 14, 2025: Tencent boasts strong NVIDIA H20 GPU stockpile amid US export controls
  • Amazon Medium confidence· Units 196,000 (est.) · CY2024 · Omdia estimate
    AWS. One of the top four customers.
    Confirms EN Motley Fool Published Feb 14, 2026: Nvidia's biggest customers: Amazon, Google, Meta, Microsoft
    Confirms EN heise online Published Dec 19, 2024: Microsoft buys most Nvidia accelerators (Omdia estimate)
    Mentions EN Quartz Published Aug 29, 2024: Nvidia gets almost half its revenue from just 4 customers
  • Meta Platforms Medium confidence· Revenue share 9% (est.) · FY2025 · Bloomberg estimate (annualized)
    About 9% of NVIDIA revenue (Bloomberg estimate).
    Confirms EN SEC EDGAR Published May 20, 2026: NVIDIA Form 10-Q for the quarter ended April 26, 2026
    Confirms EN Motley Fool Published Feb 14, 2026: Nvidia's biggest customers: Amazon, Google, Meta, Microsoft
    Confirms EN heise online Published Dec 19, 2024: Microsoft buys most Nvidia accelerators (Omdia estimate)
    Mentions EN Quartz Published Aug 29, 2024: Nvidia gets almost half its revenue from just 4 customers
  • Alphabet (Google) Medium confidence
    Google Cloud. One of the top four customers.
    Confirms EN Motley Fool Published Feb 14, 2026: Nvidia's biggest customers: Amazon, Google, Meta, Microsoft
    Mentions EN Quartz Published Aug 29, 2024: Nvidia gets almost half its revenue from just 4 customers
  • ASUSTeK Computer Medium confidence
    Supplies GB200/GB300 superchips for AI servers and GeForce/RTX GPUs to ASUS — ASUS is a premier NVIDIA AI-POD system partner and a major GPU offtake in both gaming and AI servers.
    Confirms EN DigiTimes Published Feb 24, 2025: Asus and Gigabyte secure major AI server orders from NVIDIA
  • 바이두 (중국 AI 클라우드·검색) Medium confidence
    Baidu is a large Chinese customer procuring NVIDIA GPUs for ERNIE training and AI Cloud.
    Confirms EN RCR Wireless Published Sep 23, 2025: Alibaba, Baidu start using own developed chips: Report
  • IBM (watsonx, IBM Cloud GPU) Medium confidence
    IBM adopts NVIDIA GPUs and software (NIM, cuDF) for the AI infrastructure of watsonx and IBM Cloud — for NVIDIA, channel demand into regulated-industry and on-premises enterprise AI.
    Confirms EN IBM Published Mar 16, 2026: IBM and NVIDIA announce expanded collaboration at GTC 2026 to advance enterprise AI
  • Rigetti Computing Low confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    GPUs for Rigetti hybrid compute.
    Confirms EN The Quantum Insider Published Mar 5, 2026: Rigetti annual loss while expanding deployments
  • CrowdStrike Low confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    GPUs for CrowdStrike AI security models.
    Confirms EN FinancialContent Published Oct 6, 2025: CrowdStrike, the AI-native cybersecurity leader
  • Datadog Low confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    GPUs for Datadog AI observability.
    Confirms EN Yahoo Finance Published Jan 1, 2026: Datadog AI observability push broadens
  • ServiceNow Low confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    GPUs for ServiceNow AI agents.
    Confirms EN CX Today Published Jan 30, 2026: ServiceNow AI adoption is the main growth driver
  • IonQ Low confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    GPUs and CUDA-Q for IonQ hybrid workflows.
    Confirms EN Quantum Zeitgeist Published Jan 1, 2026: Trapped-ion quantum (IonQ AWS, Azure, NVIDIA)
  • Mercury Systems Low confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Supplies processors for defense rugged computing.
    Confirms EN MatrixBCG Published Jan 1, 2026: Mercury Systems business model

Pays to

  • Coherent High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uses Coherent transceivers/lasers for AI networking (co-development, $2B investment).
    Confirms KO Ledesk Published Jan 1, 2026: Optical networking, essential to fully use AI chips
    Confirms EN SEC EDGAR Published Nov 1, 2025: Coherent quarterly report (10-Q)
  • Monolithic Power High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Relies on MPWR VRM/DC-DC for GPU-board power.
    Confirms KO DeepSearch Published Jan 1, 2026: Monolithic Power Systems profile/financials
    Confirms EN SEC EDGAR Published Oct 30, 2025: Monolithic Power quarterly results (8-K)
  • ASE Technology High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Outsources some advanced packaging/test of its AI chips to ASE (CoWoS overflow).
    Confirms KO Global Economic Published Dec 9, 2025: TSMC overflow goes to ASE and Amkor, the packaging duopoly
  • Synopsys High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uses/buys EDA design tools and IP from Synopsys.
    Confirms EN SemiAnalysis Published Sep 1, 2025: EDA Market Primer
    Confirms KO Seoul Economic Daily Published Jul 1, 2025: China conditionally approves Synopsys-Ansys merger
    Confirms EN SEC EDGAR Published Dec 18, 2024: Synopsys Form 10-K
  • Cadence Design Systems High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uses/buys EDA tools and IP from Cadence Design Systems.
    Confirms EN SemiAnalysis Published Sep 1, 2025: EDA Market Primer
    Confirms KO Seoul Economic Daily Published Mar 1, 2025: Cadence, an AI chip-design leader, reignites growth
    Confirms EN SEC EDGAR Published Feb 24, 2025: Cadence Form 10-K
  • Arm Holdings High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uses/buys CPU-architecture IP (license and royalty) from Arm Holdings.
    Confirms KO Economy6 Published Jan 15, 2026: Arm Holdings results and the NVIDIA relationship
    Confirms EN Arm IR Published Jul 1, 2024: Arm Annual Report FY2024
    Confirms EN SEC EDGAR Published May 22, 2024: Arm Holdings Form 20-F
  • Unimicron High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uses FC-BGA and IC package substrates from Unimicron.
    Confirms EN Unimicron Published May 1, 2025: Unimicron IR
    Confirms EN MGR Published Jan 1, 2025: Unimicron leads IC-substrate revenue
  • Lumentum High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Sources EML lasers/optics from Lumentum (co-development, $2B investment).
    Confirms EN NVIDIA Published Mar 2, 2026: NVIDIA strategic partnership with Lumentum ($2B investment)
    Confirms EN SEC EDGAR Published Aug 19, 2025: Lumentum FY2025 results (8-K)
  • Eoptolink High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Also sources 800G/1.6T transceivers from Eoptolink.
    Confirms KO TheElec Published Mar 13, 2026: NVIDIA CPO push; InnoLight and Eoptolink lead transceivers
    Confirms EN Eoptolink/SZSE Published Mar 1, 2026: Eoptolink company/IR (SZSE)
  • Amphenol High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Sources GB200 copper cables/interconnect from Amphenol.
    Confirms EN BeyondSPX Published Jan 1, 2026: Amphenol AI interconnect (GB200 copper cartridge)
  • Corning High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Sources datacenter fiber/connectivity from Corning.
    Confirms EN RCR Wireless Published Jun 11, 2026: Corning emerges as key AI-infra supplier on hyperscaler fiber
  • ABB High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Co-develops 800VDC rack power architecture with ABB.
    Confirms EN ABB Published Jan 1, 2026: ABB to develop next-gen AI datacenters with NVIDIA (800VDC)
  • Astera Labs High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Astera's Aries/Scorpio retimers are designed into Nvidia's Blackwell platform.
    Confirms KO Korea Economic Daily Published Jun 9, 2026: Jensen Huang singled it out: a stock up 223% this year
    Confirms KO Seoul Economic Daily Published Sep 15, 2025: Astera Labs, essential AI infrastructure courted by NVIDIA
  • Ibiden High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Buys FC-BGA package substrates from Ibiden.
    Confirms KO Jabon Published Feb 1, 2026: Ibiden bets ¥500B to expand NVIDIA AI substrates
    Confirms EN Ibiden Published May 1, 2025: Ibiden Investor Relations
    Confirms EN DigiTimes Published Jan 2, 2025: Ibiden’s exclusive AI-substrate position with Intel and NVIDIA
  • Luxshare Precision High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Sources GB200 connectors, power and cooling from Luxshare.
    Confirms EN TrendForce Published Apr 30, 2024: Luxshare enters NVIDIA GB200 supply chain
  • InnoLight High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Sources 800G/1.6T transceivers from InnoLight at scale.
    Confirms EN IP-Fiber (Baudcom) Published Nov 11, 2025: Nvidia Orders Surge: InnoLight and Eoptolink Dominate 60% of 800G Supply
    Confirms KO SmartToday Published Jan 1, 2025: World #1 optical-transceiver maker InnoLight signs Korean distributor
  • Delta Electronics High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Sources rack power/cooling from Delta and others.
    Confirms EN PR Newswire Published Mar 16, 2026: Delta power/cooling at NVIDIA GTC for 800VDC AI factories
  • SK hynix High confidence
    Buys HBM and memory. NVIDIA's 10-K names SK hynix as a memory supplier.
    Confirms KO EPNC Published May 20, 2026: NVIDIA 'Vera Rubin' HBM4 supply chain: a three-way race among Samsung, SK and Micron
    Confirms EN SEC filing Published Feb 25, 2026: NVIDIA FY2026 Form 10-K (FYE Jan 25, 2026) — revenue $215.9B (+65%), Data Center $193.74B (+68%, 90%)
  • Micron Technology High confidence
    Buys HBM/memory (named in NVIDIA's 10-K).
    Confirms KO EPNC Published May 20, 2026: NVIDIA 'Vera Rubin' HBM4 supply chain: a three-way race among Samsung, SK and Micron
    Confirms EN SEC filing Published Feb 25, 2026: NVIDIA FY2026 Form 10-K (FYE Jan 25, 2026) — revenue $215.9B (+65%), Data Center $193.74B (+68%, 90%)
  • Samsung Electronics High confidence
    Buys memory (HBM) and uses Samsung's foundry for wafers. NVIDIA's 10-K names both.
    Confirms KO EPNC Published May 20, 2026: NVIDIA 'Vera Rubin' HBM4 supply chain: a three-way race among Samsung, SK and Micron
    Confirms EN SEC filing Published Feb 25, 2026: NVIDIA FY2026 Form 10-K (FYE Jan 25, 2026) — revenue $215.9B (+65%), Data Center $193.74B (+68%, 90%)
  • TSMC High confidence
    Key supplier for wafer foundry and CoWoS advanced packaging. Named in NVIDIA's 10-K. NVIDIA was TSMC's largest customer at 19% of 2025 revenue ($23.2B).
    Confirms EN SEC / TSMC Published Apr 16, 2026: TSMC FY2025 Annual Report (Form 20-F)
    Confirms EN SEC filing Published Feb 25, 2026: NVIDIA FY2026 Form 10-K (FYE Jan 25, 2026) — revenue $215.9B (+65%), Data Center $193.74B (+68%, 90%)
  • onsemi (AI DC 800VDC power) High confidence
    NVIDIA adopts onsemi's silicon/SiC power semiconductors (solid-state transformers, PSUs) for the 800VDC power architecture of next-gen AI data centers — as GPU rack power density rises, dependence on high-efficiency power-conversion partners grows.
    Confirms EN onsemi Published Jul 29, 2025: onsemi collaborates with NVIDIA on 800 VDC power solutions for next-gen AI data centers
  • 위스트론 (AI 서버 ODM) High confidence
    Blackwell rack-server ODM (~21% share).
    Confirms EN Tom's Hardware Published May 1, 2025: NVIDIA GB200 production ramps up (ODMs incl. Wistron)
  • Siemens EDA Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Pays for Siemens EDA (Calibre etc.) licenses.
    Confirms KO Wikipedia Published Jan 1, 2026: Mentor Graphics (Siemens EDA)
    Confirms EN SemiWiki Published Jun 1, 2025: Siemens EDA (Mentor Graphics) wiki
  • Kioxia Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Purchases NAND and SSDs for AI and data centers from Kioxia.
    Confirms KO News1 Published Nov 1, 2025: Kioxia ranks No.3 in NAND
    Confirms EN Kioxia Published May 1, 2025: Kioxia IR
  • Nan Ya PCB Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uses BT and package substrates from Nan Ya PCB.
    Confirms EN Nan Ya PCB Published May 1, 2025: Nan Ya PCB
    Confirms EN MatrixBCG Published Jan 1, 2025: Nan Ya PCB AI/HPC strategy
  • Advantest Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Buys test equipment (ATE) from Advantest.
    Confirms KO AlphaBiz Published Sep 1, 2025: Advantest dominates the HBM tester market
    Confirms EN Advantest Published Jun 1, 2025: Advantest Integrated Annual Report 2025
    Confirms EN Mordor Published Jan 1, 2025: Test equipment market
  • Teradyne Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Buys test equipment (ATE) from Teradyne.
    Confirms KO Korea Economic Daily Published Feb 24, 2026: Teradyne surges on the chip upturn and robotics boom
    Confirms EN SEC EDGAR Published Feb 26, 2025: Teradyne Form 10-K
    Confirms EN Teradyne Published Jan 1, 2025: Teradyne semiconductor testing
  • LG Innotek Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uses substrates and camera modules from LG Innotek.
    Confirms KO Financial News Published Jun 17, 2026: LG Innotek targets KRW 1T from substrates
    Confirms KO TechM Published Jan 1, 2025: LG Innotek and Samsung Electro-Mechanics compete in FC-BGA
  • Fabrinet Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Outsources optical-module manufacturing to Fabrinet.
    Confirms EN MatrixBCG Published Jan 1, 2026: Fabrinet contract-manufactures optics for NVIDIA, Cisco, AWS, Lumentum
    Confirms EN SEC EDGAR Published Aug 18, 2025: Fabrinet FY2025 results (8-K)
  • Keysight Technologies Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uses Keysight test to validate AI fabrics.
    Confirms EN Keysight Published Apr 1, 2025: Keysight KAI architecture for scaling AI datacenters
  • Murata Manufacturing Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    MLCCs for AI server boards.
    Confirms EN Motley Fool Published Feb 14, 2026: Nvidia's biggest customers: Amazon, Google, Meta, Microsoft
  • Samsung Electro-Mechanics Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Buys FC-BGA semiconductor substrates for AI accelerators.
    Confirms KO TheElec Published Jan 31, 2026: Samsung Electro-Mechanics: surging demand for MLCC and AI-server substrates
  • King Yuan Electronics (KYEC) Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Uses semiconductor test from KYEC.
    Confirms EN KYEC Published May 1, 2025: KYEC IR
    Confirms EN Mordor Published Jan 1, 2025: KYEC, a pure-play test OSAT
  • TE Connectivity Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Sources copper cables/connectors from Amphenol and TE.
    Confirms EN Fintool Published Jan 1, 2026: TE Connectivity posts record $5.1B orders on AI surge
  • MediaTek Medium confidence· Amount $1B · 2026 클라우드 ASIC 매출 목표(합산)
    Co-designed GB10 (DGX Spark) silicon with MediaTek — custom-silicon partner relationship.
    Confirms EN TrendForce Published Dec 15, 2025: TrendForce — MediaTek secures Google v7e/v8e TPU orders; 7x CoWoS request to TSMC
  • BYD전자 (액체냉각) Medium confidence
    One of NVIDIA's datacenter liquid-cooling component suppliers.
    Mentions EN MiniChart (research digest) Published May 29, 2025: BYD Electronic: Apple and AI hypergrowth forecast
  • 무라타 (MLCC) Medium confidence
    One of NVIDIA's MLCC sources for AI-server boards (~30k per GB300).
    Confirms EN Investing.com Published May 1, 2026: Murata raises MLCC growth forecast for AI servers to 30% CAGR
  • 페가트론 (AI 서버 ODM) Medium confidence
    ODM for GB200/Blackwell AI server racks (delivered liquid-cooled racks exceeding 130kW).
    Confirms EN Yahoo Finance Published Jan 23, 2026: Apple/Dell supplier Pegatron expects US plant by end-March
  • Digital Realty Low confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Some AI-infra space from Digital Realty.
    Confirms EN Motley Fool Published Nov 2, 2025: Digital Realty delivers AI datacenters
  • Analog Devices Low confidence
    ADI is among the ~15 silicon providers in NVIDIA's 800 VDC AI-data-center power ecosystem (2027 target; non-exclusive, forward-looking).
    Confirms EN NVIDIA Published Aug 21, 2025: Building the 800 VDC Ecosystem for AI Factories (ADI among silicon providers)

Investors

  • BlackRock Medium confidence
    BlackRock is an AIP partner and, via index funds, a large NVIDIA shareholder.
    Confirms EN BlackRock Published Mar 19, 2025: BlackRock, GIP, Microsoft and MGX welcome NVIDIA and xAI to the AI Infrastructure Partnership

Investments

  • OpenAI High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    NVIDIA invests up to $100B in OpenAI (non-controlling).
    Confirms EN CNBC Published Sep 22, 2025: Nvidia to invest up to $100B in OpenAI
  • Coherent High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    NVIDIA invests $2B in Coherent (optics alliance).
    Confirms KO Ledesk Published Jan 1, 2026: Optical networking, essential to fully use AI chips
  • Nebius Group High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    Strategic investment in neocloud Nebius.
    Confirms EN SEC EDGAR Published Nov 1, 2025: Nebius FY2025 results (6-K)
  • CoreWeave High confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    NVIDIA invests $2B in CoreWeave.
    Confirms EN SEC filing Published Feb 25, 2026: NVIDIA FY2026 Form 10-K (FYE Jan 25, 2026) — revenue $215.9B (+65%), Data Center $193.74B (+68%, 90%)
    Confirms KO Wowtale Published Jan 27, 2026: NVIDIA invests $2B in CoreWeave; 5GW AI factory by 2030
  • Recursion Pharmaceuticals Medium confidence· Amount $215.9B · NVIDIA FY2026 매출(+65%)
    $50M strategic investment in Recursion (later trimmed).
    Confirms EN Recursion Published Jul 12, 2023: Recursion-NVIDIA collaboration and $50M investment

Value-chain ripple (2 tiers)

Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.

CompanyChain'21'22'23'24'25YTD
Nebius Grouplead2····+202.2+162.4
Planet Labslead2·-29.3-43.2+63.6+388.1+32.1
Starbucks Corplead2+11.1-13.2-1.2-2.5-5.3+27.4
CoreWeavelead2·····+24.1
Johnson Controlslead2+77.4-19.3-7.6+39.8+53+20
Snowflakelead2+20.4-57.6+38.6-22.4+42.1+19.2
Applelead2+34.6-26.4+49+30.7+9.1+16.2
Lockheed Martinlead2+3.2+40.5-4.3+10+2.5+9.5
RTXlead2+23.3+20-14.4+40.8+61.4+7.6
Costco Wholesalelead2+51.8-19+49+39.6-5.4+6.6
Procter & Gamblelead2+20.5-5-0.9+17.3-12.3+4.1
Walmart Inclead2+2-0.5+12.9+74+24.5+2.6
Tempus AIlead2····+74.9-1.4
Mazda Motorlead2+18.8+22.8+81.1-39+17.3-3.2
MercadoLibre, Inc.lead2-19.5-37.2+85.7+8.2+18.5-8
Uberlead2-17.8-41+149-2+35.5-8.8
McDonald'slead2+27.8+0.5+15.1+0.1+7.9-9
LVMH Moet Hennessy Louis Vuittonlead2+46.6+12.7-1.8-7.3-20.4-9
Recursion Pharmaceuticalslead2·-55+27.9-31.4-39.5-13
Meituanlead2-38.1-20.7-64.2+137.6-34.6-19
Palantir Technologieslead2-22.7-64.7+167.4+340.5+135-28.7
ServiceNowlead2+17.9-40.2+82+50.1-27.7-29.7
Beijing Kingsoft Office Softwarelead2-41.3+16-23.7+47.1+7.6-30.2
Dell Technologieslead1+51.2-26.6+95.9+53+11.2+248.1
Lenovolead1-4.6-20.9+36.2+18.2-0.6+175.7
Hewlett Packard Enterpriselead1+37.4+4.5+9.7+29.1+15.5+104
TeraWulflead1+77.1-95.5+258.2+135.8+103+91.2
Datadoglead1+80.9-58.7+65.1+17.7-4.8+89.4
Aurora Innovationlead1·-89.3+261.2+44.2-39+66.1
CrowdStrikelead1-3.3-48.6+142.5+34+37+59.7
Mercury Systemslead1-37.5-18.7-18.3+14.8+73.8+47.9
ASUSTeK Computerlead1+35.5-12.9+72+41.1-14.1+46.7
Wiwynnlead1+24.7-22.3+206.4+3.5+64.4+45.1
Illuminalead1+2.8-46.9-31.1-1.3-1.8+45
Gigabyte Technologylead1+82.3-3.4+173.2-15.9-4.7+44.4
Cloudflarelead1+73-65.6+84.2+29.3+83.1+36.1
Quanta Computerlead1+22.2-12.8+254.5+12.7+8.9+33.4
SK Telecomlead1+7.9-12+15.8+15.5+37.5+23.4
Celesticalead1+37.9+1.3+159.8+215.2+220.3+21.7
Geely Autolead1-40.8-22.9-40.3+98.5+14.5+18.9
Wistronlead1+7.9+9.7+272.7-1.6+22.7+14.8
Alphabet (Google)lead1+65.3-39.1+58.3+36+66+14.3
Foxconn (Hon Hai)lead1-5.1+2.8+7.8+80.1+26.9+10.9
IRENlead1·-92.3+472+37.3+284.6+8.9
Meta Platformslead1+23.1-64.2+194.1+66+13.1+1.6
IBMlead1+16.7+10.6+21.8+39.3+38.2-1.6
Super Microlead1+38.8+86.8+246.2+7.2-4-3.3
General Motorslead1+40.8-42.4+7.9+49.8+54.2-3.8
IonQlead1·-79.3+259.1+237.1+7.4-4.5
Schrodingerlead1-56-46.3+91.5-46.1-7.3-7.8
Hyundai Motor Companylead1-16.7-4.7+16.2+12.3+158.8-7.8
Teslalead1+49.8-65+101.7+62.5+11.4-9.3
Toyota Motor Corporationlead1+58.1-13.4+63+1.8+21.8-18.2
Microsoftlead1+52.5-28+58.2+12.9+15.6-20
Alibaba Grouplead1-49-25.8-10.8+11.8+75.8-22.7
Tencent Holdings Limitedlead1-28.6-14.2-28.7+49.8+52.1-23.2
Baidulead1·-8.2-23.4-13.5+74.2-24.5
Rigetti Computinglead1·-92.9+35.1+1449.2+45.2-25.3
Oraclelead1+36.9-4.6+30.9+60+18.1-27.4
Kratos Defenselead1-29.3-46.8+96.6+30+187.8-36.5
Pony.ailead1····+1-54.6
NVIDIAnode+125.5-50.3+239+171.2+38.9+13.3
Kioxiabenef1····+1082.1+260.5
Micron Technologybenef1+24.2-45.9+71.9-1+240.2+243.3
Murata Manufacturingbenef1-14-11.7+24.7-16.5+29.9+217.4
ASE Technologybenef1+38.3-12.8+60.9+10.1+65.6+167.6
SK hynixbenef1-0.4-25.6+53.9+48.6+361.1+140.3
Unimicronbenef1+133.5-30.2+35.2-19.7+175.7+131.6
Lumentumbenef1+11.6-50.7+0.5+60.1+339.1+117.6
Samsung Electronicsbenef1-9-14.2+20.9-26.4+212.9+77.9
onsemibenef1+107.5-8.2+33.9-24.5-14.1+77.2
Coherentbenef1-10-48.6+24+117.6+94.8+75.8
Eoptolinkbenef1-10.1-27.7+136.6+197+368.8+74.9
InnoLightbenef1-30.7-18.3+253.7+12+468.1+68.8
Delta Electronicsbenef1-3.4+10.4-0.3+59.2+183.8+54.9
Monolithic Powerbenef1+35.5-27.8+79.8-5.6+54.5+49.8
Analog Devicesbenef1+21-4.9+23.4+8.8+29.8+46.7
Pegatronbenef1-5.9+0.6+35.3+21.2-23.8+24
Luxshare Precisionbenef1-11.9-30.2-21.2+58.8+29.3+20.6
Amphenolbenef1+34.9-12+31.5+41.3+96.1+18.1
Wistronbenef1+7.9+9.7+272.7-1.6+22.7+14.8
TE Connectivitybenef1+35.1-27.7+24.6+3.5+61.1-11.3
Recursion Pharmaceuticalsbenef1·-55+27.9-31.4-39.5-13
BYD Electronicsbenef1-56.1+16-0.4+60.6-19.4-34.4
Samsung Electro-Mechanicsbenef2-11.8-18.5-1.4-2.5+110+467.7
Jusung Engineeringbenef2+127.9-42.6+173.3-3.1+30.7+364.1
SUMCO Corporationbenef2-4.3-3.9+21.3-48.1+41.7+225.8
PSK Incbenef2+22.7-19.6+14.2-2.6+228.2+208
LG Innotekbenef2+78.2-22-28.8-22.1+66.8+204.6
GlobalWafersbenef2+26.9-29.9+14.3-39+48.9+171.6
ACM Researchbenef2+4.9-72.9+153.4-22.7+161.3+161.1
AMDbenef2+56.9-55+127.6-18.1+77.3+160.5
Cohubenef2-0.2-15.9+10.4-24.6-12.8+141.4
Applied Materialsbenef2+83.6-37.5+68+1.1+59.6+135
MediaTekbenef2+27.8-26.6+52.9+58.3+24.9+124.3
Arterisbenef2·-79.6+37+73+52.1+124.3
FormFactorbenef2+6.3-51.4+87.6+5.5+26.8+110.7
KC Techbenef2-24.2-6.1+57.9+5.9+56.7+108.1
Lam Researchbenef2+53.7-40.7+88.6-6.8+139.2+105
Onto Innovationbenef2+112.9-32.7+124.6+9-5.3+103.6
Simmtechbenef2+119.6-34.6+12.4-63.3+392.9+94.9
Daeduck Electronicsbenef2+64.2-0.3+13.3-22.7+250.2+92.1
KLAbenef2+68-11.2+56+9.4+94.5+91
Tower Semiconductorbenef2+53.7+8.9-29.4+68.8+128+89.7
SCREEN Holdingsbenef2+40.7-13.2+220.1-24.1+84.9+86.3
Teradynebenef2+36.8-46.3+24.8+16.5+54.4+85.9
ASMPTbenef2-29-12.4+21.8-4.8+47.6+82
Resonacbenef2-2.6-4+37.5+30.3+137.9+80.4
MACOM Technologybenef2+42.3-19.6+47.6+39.8+31.8+80.1
Tokyo Electron (TEL)benef2+40.4-14.5+89.8-4.4+61.6+78.2
Qnity Electronicsbenef2·····+76.3
Entegrisbenef2+44.6-52.5+83.5-17.1-14.6+72.8
Kokusai Electricbenef2···-35.4+165.3+70
ASMLbenef2+64.1-30.5+39.9-7.7+55.8+68.6
Global Unichipbenef2+21.4+67.6+99.4-13.7+101.4+66.4
Foosungbenef2+59.9-33.5-34.5-39.1+67.4+62.2
BESIbenef2+33.7-6.1+121.8-9.3+35+56.2
Fujimi Incorporatedbenef2+64.7-1.6+40.4-24.2+28.4+54.6
Eugene Technologybenef2+28.1-45.1+64.1-12.6+202.5+49.5
Montage Technologybenef2-18.2-21.8-18+51.4+169+47.4
Shin-Etsu Chemicalbenef2+6.3+3.1+57.8-15.6+7.6+44
Samsung E&Abenef2+74.5+20-13.7-15.9+76.7+43.2
Tokyo Ohka Kogyo (TOK)benef2-2.7-3+63.8+4.3+111.5+42.9
Camtekbenef2+110.1-52.3+215.9+18.3+31.7+35.2
Ebarabenef2+58.1+2.3+76.1+41+84+32.3
ASM Internationalbenef2+44.2+2.9+68.7+10.3+25.9+28.8
Powertech Technology (PTI)benef2+4.8-7.5+86-16+128.6+26
Lindebenef2+33.4-4.4+27.7+3.2+3.2+25.1
Air Products and Chemicalsbenef2+13.8+3.9-9+8.1-12.7+23.7
Lasertecbenef2+78.9+2.4+57-60.6+138.9+22.4
Mitsubishi Electricbenef2-8.1+2.5+58.7+19.1+91+21.3
Sumitomo Chemicalbenef2+19.6-9.1-27.7-2.2+43.9+16
Broadcombenef2+56.5-13.3+104.2+110.5+50.6+16
Nepesbenef2-29.5-44+6.7-62.7+179.2+15.1
Alphabet (Google)benef2+65.3-39.1+58.3+36+66+14.3
Merck KGaA (EMD)benef2+42.2-0.4-19.1-2.5-12.7+13.5
Air Liquidebenef2+14.1+7.9+20.9+8.5-4.8+12.5
Disco Corporationbenef2-6.6+27.7+218.5+11.6+49.6+10.2
Wonik IPSbenef2-19.7-19.8-0.2-25.5+408.8+9.3
Hanmi Semiconductorbenef2+98.5-21.7+313.1+93.7+87.9+5.5
Fabrinetbenef2+52.7+8.2+48.4+15.5+107.1+3.5
SoftBank Groupbenef2+10.2+9.9+39.2+6.5+8.5+3.2
Qorvobenef2-5.9-42+24.2-37.9+20.8+1.5
EO Technicsbenef2+7.6-28.2+130.5-16.2+163.2+0.7
ISCbenef2+43.2+14.2+116.5-11.9+126.8+0.3
HPSPbenef2··+216.5-30.4+54.7-4.5
Canonbenef2+22.5+11.1+46.4+27-3.2-5.6
LG Displaybenef2-6.8-30.9-8.5-20.6+26.2-5.7
Photronicsbenef2+68.9-10.7+86.4-24.9+35.8-6.6
Park Systemsbenef2+25.1+1.6+41.6+37.3+28.9-11.2
BYDbenef2-6.5+10.5-28.5+58.9+8.7-12.7
Hana Materialsbenef2+106-30.5+26.1-47.4+173.9-15.7
Dongjin Semichembenef2+28.1-13.7+16.1-42.8+160.1-15.8
Microsoftbenef2+52.5-28+58.2+12.9+15.6-20
Uni Testbenef2+23.4-57.8+11.3-1.6+6.8-24.8
Oraclebenef2+36.9-4.6+30.9+60+18.1-27.4
ENF Technologybenef2-32.9-23.6+1.3-16.1+204.6-28.4
Leeno Industrialbenef2+21-5.3+18.3+9.5+150.1-30.3
SFA Semiconbenef2-5.8-34.1+48.7-48.7+139.8-31.8
Soulbrainbenef2-8.2-3.9+16.6-37.6+192.8-35.9
S&S Techbenef2-17.3-5+45.8-31.2+210.8-47.5

YTD as of 2026-07-10 · source: Yahoo Finance

NVIDIA's thesis is 'near-monopoly in AI accelerators, with a double edge of supply and customer concentration.' Most of Q1 FY2027 revenue of $81.6B (+85%) — Data Center 92% — comes from a few direct hyperscaler customers (top three 54%), a concentration that is both strong pricing power and a risk if capex slows. The real bottleneck is not its own design but the supply chain — it depends on TSMC for wafers and CoWoS packaging and on SK hynix, Samsung and Micron for HBM, so their capacity governs NVIDIA's shipments. What to watch is the durability of AI capex, the pace of CoWoS/HBM supply expansion, and whether hyperscalers' custom ASICs erode share.

Analysis generated from returns as of 2026-07-10

Analyst ratings

Consensus: Buy 5 · Hold 0 · Sell 0 · Avg. target $323 · Price $210.57 (07-11) · Upside +53%

BrokerRatingTargetPublished
Bernstein · Stacy RasgonBuy$315Jun 23, 2026Report ↗
Oppenheimer · Rick SchaferBuy$265Jun 12, 2026Report ↗
Bank of America Securities · Vivek AryaBuy$350Jun 11, 2026Report ↗
Melius Research · Ben ReitzesBuy$400May 21, 2026Report ↗
Morgan Stanley · Joseph MooreOverweight$285May 21, 2026Report ↗

Reiterated Buy on NVIDIA with a $315 target.

Analyses covering this node

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