By Adria Cimino
Publication Date: 2025-11-18 12:35:00
Nvidia already has been facing headwinds in this particular area.
Nvidia (NVDA 1.74%) has never officially revealed the identity of its biggest customers — but comments from these customers themselves have helped us draw some conclusions. The world’s most prominent tech players, including Microsoft (MSFT 2.67%) and Amazon (AMZN 3.67%), are among them, rushing to Nvidia for its high-performance artificial intelligence (AI) chips and systems.
Microsoft and Amazon, through their cloud businesses, offer these platforms to their customers. And today, both tech giants, to better serve these customers, have committed to ramping up their infrastructure — a move that requires growing investment in compute. This represents an enormous revenue opportunity for Nvidia, and Nvidia has even said that overall AI infrastructure spending may reach as much as $4 trillion by the end of the decade.
All of this is great, but recently, Microsoft and Amazon made a startling move that potentially could get in the way of an additional billion-dollar revenue opportunity for Nvidia.
Image source: Getty Images.
An AI leader
First, though, a bit of background on Nvidia’s AI path so far. The company has become the leader of the AI chip market, designing the world’s most powerful graphics processing units (GPUs). These are the chips driving the most crucial of AI tasks, for example, the training of large language models. Nvidia did this by noticing the market opportunity early on, taking the risk of…
