Nvidia Surpasses Apple as TSMC's Largest Customer, Contributing 13% of Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Should l Buy NVDA?
Source: Benzinga
- Customer Status Change: Nvidia publicly confirmed it has surpassed Apple to become TSMC's largest customer, contributing approximately 13% of total revenue, highlighting the significant impact of AI demand on the semiconductor supply chain.
- Market Share Reversion: Nvidia was TSMC's largest customer in the early 2000s before being overtaken by Apple in the 2010s, and this return signifies a shift in industry dynamics driven by the rise of AI technology.
- Future Outlook: Analysts expect Nvidia's AI leadership to extend into 2026, particularly as sustained spending on AI infrastructure drives strong performance in the AI accelerator market.
- Stock Price Dynamics: Nvidia shares rose 0.82% to $184.83 in premarket trading on Thursday, reflecting market confidence in its future growth, while TSMC's stock also increased by 1.63%.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 198.350
Low
200.00
Averages
264.97
High
352.00
Current: 198.350
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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