Nvidia (NASDAQ: NVDA) has experienced significant sales growth, primarily driven by major customers investing heavily in data centers, with its top three clients contributing to 34% of sales last year. Amazon (NASDAQ: AMZN) is likely among these large customers, having spent over $93 billion on capital expenditures for data centers focused on AI, with projections to exceed $100 billion this year, a substantial portion of which is allocated for Nvidia’s GPUs. However, Amazon has indicated that it may increase the use of a competitor’s chips in its data centers this year.
