Technology • Semiconductors & AI Accelerators • SIC 3674
$204.64 ▼ -9.02
(-4.22%)
MKT CAP: $4.98T • VOL: 165.92M
52W L $164 52W H $243
NVDA // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: Form 10-K (FY2026) // Item 1 & Note 17 Segment/Customer Disclosures
01 // UPSTREAM SUPPLIERS & FOUNDRIES
TSM CRITICAL
Taiwan Semiconductor Manufacturing Co.
FOUNDRY / INFRA • 4nm/3nm Wafer Fabrication & CoWoS-L Advanced Packaging
EST. COGS / CAPEX SHARE 100%
EVIDENCE: 10-K Item 1 (Manufacturing) & Item 1A Foundry Concentration Risk
MU CRITICAL
Micron Technology / SK Hynix HBM Supply
SUPPLIER • HBM3e & HBM4 High-Bandwidth Stacked DRAM
EST. COGS / CAPEX SHARE 38%
EVIDENCE: 10-K Item 1 Supply Commitments & Inventory Purchase Obligations
VRT HIGH
Vertiv Holdings Co.
FOUNDRY / INFRA • Rack-Scale Direct-to-Chip Liquid Cooling & Power Distribution
EST. COGS / CAPEX SHARE 24%
EVIDENCE: NVL72 Reference Architecture & 10-K Data Center Ecosystem
CORE VALUE-CHAIN HUB NASDAQ
NVDA // NVIDIA Corporation
GROSS MARGIN
74.7%
OP MARGIN
65.2%
ROIC %
65.1%
MKT CAP
$4.98T
UPSTREAM INPUTS ──► NVDA OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
MSFT <GO>
REV SHARE: ~19%
Microsoft Corporation (Azure AI)
CUSTOMER • Hyperscale Cloud GPU Clusters & OpenAI Supercomputing
EVIDENCE: 10-K Note 17 (Customer A >10% Consolidated Revenue Disclosure)
META <GO>
REV SHARE: ~13%
Meta Platforms, Inc.
CUSTOMER • Llama Foundation Model Training & Ranking Clusters
EVIDENCE: 10-K Note 17 Major Hyperscale Direct/Indirect Customer Concentration
GOOGL <GO>
REV SHARE: ~11%
Alphabet Inc. (Google Cloud)
CUSTOMER • GCP Enterprise AI Instances & Vertex Compute
EVIDENCE: 10-K Data Center Cloud Service Provider Revenue Breakdown (~50% CSP)
AMZN <GO>
REV SHARE: ~10%
Amazon.com, Inc. (AWS)
CUSTOMER • EC2 P5/P6 GPU Compute Clusters
EVIDENCE: 10-K Data Center Hyperscale Cloud Provider Disclosures
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| NVDA ★ | NVIDIA Corporation | $204.64 | $4.98T | 74.7% | 65.2% | 65.1% | 23.4x | +83.4% | SUBJECT ISSUER |
| AMD | Advanced Micro Devices, Inc. | $504.80 | $811.65B | 53.2% | 15.7% | 7.8% | 113.5x | +39.5% | NVDA VS AMD <GO> |
| AVGO | Broadcom Inc. | $326.08 | $1.55T | 68.8% | 48.0% | 24.7% | 34.1x | +48.7% | NVDA VS AVGO <GO> |
| AAPL | Apple Inc. | $344.63 | $5.07T | 48.6% | 33.2% | 81.4% | 30.3x | +14.2% | NVDA VS AAPL <GO> |
| MSFT | Microsoft Corporation | $521.91 | $3.88T | 67.7% | 47.1% | 26.5% | 19.9x | +17.9% | NVDA VS MSFT <GO> |
| PLTR | Palantir Technologies Inc. | $184.11 | $446.32B | 84.8% | 42.8% | 26.9% | 159.0x | +78.9% | NVDA VS PLTR <GO> |