Nvidia's clients aren't the only ones that need to take all their eggs out of one basket. The chipmaker is also alarmingly reliant on the generative AI opportunity. Data center sales (which include high-end AI chips) represented a whopping 88% ($115.2 billion) of 2024 sales. And the company will need to diversify over the coming years.

Nvidia stock was falling early Friday. A downbeat market mood looked to be outweighing the confidence instilled in its technology by the chip maker’s GTC developers’ conference. Nvidia shares were down 1.

Nvidia (NVDA) showcased its latest artificial intelligence (AI) innovations at its GTC 2025 event this week in San Jose. The chip maker continues to position itself at the forefront of artificial intelligence development amid intensifying global competition.