- Microsoft bought more than twice as many of Nvidia’s Hopper chips in 2024 than its next largest customer. Chips have been in short supply in Silicon Valley as the most important companies race to one-up one another’s AI capabilities. But after two years of shortages, Microsoft finally has the amount of AI chips it needs, according to CEO Satya Nadella.
Earlier this year, Fortune reported that nearly half of Nvidia’s revenue was coming from just a handful of companies spending billions on its hottest products, like chips built for training AI models. Now, we finally have more insight about those mystery whales—and it appears Microsoft is the largest among them.
