Fortune reported on October 15 that Nvidia's sovereign AI revenue tripled to more than $30 billion in its last fiscal year. Roughly half of its data center sales still come from a handful of U.S. hyperscalers, the article says.
Jensen Huang argues sovereignty depends on who controls the data and services, not where chips are made: "So long as you can operate the service yourself, that's the most important." Sovereign demand is a diversification story for Nvidia, though critics call the investments behind it circular.
Source: Fortune