Nvidia GPU Buyers Spread Across 323 Providers as October Revenue Targets $108 Billion
Updated
Updated · CNBC · Oct 10
Nvidia GPU Buyers Spread Across 323 Providers as October Revenue Targets $108 Billion
3 articles · Updated · CNBC · Oct 10
Summary
Nvidia’s customer base is broadening as companies hunt for scarce AI chips through hyperscalers, neoclouds, marketplaces and direct purchases rather than relying on a few cloud giants.
323 Nvidia GPU providers were active in September, up from 209 less than 11 months earlier, while five clients made up at least 10% of accounts receivable in the July quarter, up from three in January.
Amazon, Microsoft and Google still dominate enterprise demand, helped by trust and scale, but supply remains tight; Amazon has warned it cannot meet all expected demand this year and likely not in 2027.
Neoclouds such as CoreWeave and Nebius are filling gaps for customers needing more capacity or faster access, though near-term inventory is often sold out and some providers require upfront commitments.
The scramble is sustaining Nvidia’s surge toward a nearly $6 trillion market value, with management forecasting $108 billion in October-quarter revenue, up 89% from a year earlier.