The hyperscalers were stable customers buying far more expensive equipment and NVidia has also made a bank selling a lot of auxillary hardware like Mellanox to AI datacenters.
But the spending spree is probably coming to an end with the looming IPO's and NVidia is probably trying to hedge their bets by making themselves the sure bet once big-AI stops monopolizing RAM and everyone races to get their local setups.
But the spending spree is probably coming to an end with the looming IPO's and NVidia is probably trying to hedge their bets by making themselves the sure bet once big-AI stops monopolizing RAM and everyone races to get their local setups.