đNvidia has reported a record-breaking quarterly revenue of $44.1 billion, marking a 69% year-over-year increase. The surge was driven primarily by the U.S. market, which alone generated $20.7 billion, or 47.1% of total sales. For context: the U.S. share was 16% in 2021, 31% in 2022, and only recently reached this dominance. Singapore followed with $9.0B (20.5%), Taiwan with $7.2B (16.2%), China with $5.5B (12.5%), and the rest of the world with $1.6B (3.7%).
This sharp regional shift signals more than demandâit reveals a new geopolitical computation order. Export restrictions on China and domestic AI investments in the U.S. have redefined Nvidiaâs growth map. Singapore and Taiwan are becoming re-export hubs: chips flow in, then out under looser trade scrutiny. What we are witnessing is a quiet restructuring of global compute supply chains under pressure from both regulation and strategic interests.
Moreover, Nvidiaâs revenue concentration is growing. The majority stems from just 5â7 hyperscaler clients: Microsoft, Google, Amazon, Meta, Oracle, and ByteDance. These firms arenât just buyersâtheyâre building entire AI civilizations atop Nvidiaâs CUDA stack and H100/GH200 infrastructure. Any disruption in Taiwan Semi or HBM supply could now trigger a cascading economic shock.
With growing competition from AMD, Huawei, and the rise of custom AI chips by players like OpenAI, the question is shifting from growth to resilience.
Can a single chipmaker remain the core of the global AI stackâor are we simply riding the peak of a high-voltage supercycle?
What do you think, #AMAGE communityâdoes Nvidiaâs dominance mark the new equilibrium or a fragile inflection point?
