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At the end of November, NVIDIA put out an internal memo (that was leaked to Barron's reporter
AI is now 90% of Nvidia revenue: https://incomeshares.com/en-eu/insights/nvidia-revenue-change-since-2020
If 90% of Nvidia revenue were to suddenly disappear, it wouldn’t matter that they used to be the leading maker of gaming hardware — they’d be completely radioactive to investors for the rest of time and their stock would drop to zero. All of their top talent flees to AMD or wherever, and Nvidia becomes a mere footnote in the history of corporate American hubris.