Supermicro soared because of $4 trillion Nvidia—but Jensen Huang can walk away any time he wants

Bernstein analysts warn that Nvidia could severely impact Supermicro by reducing GPU supply access, despite Supermicro's success being tied to Nvidia's $4 trillion valuation. The dependency relationship gives Nvidia significant leverage to potentially devastate Supermicro's hardware business at any time.

• →Supermicro's growth has been heavily dependent on Nvidia's GPU supply and partnership.
• →Nvidia holds significant power to withdraw GPU access from Supermicro whenever it chooses.
• →Bernstein analysts characterize potential Nvidia withdrawal as having 'devastating impact' on Supermicro.
• →The relationship highlights the concentration risk in AI hardware supply chains.
• →Supermicro's success is closely tied to Nvidia's $4 trillion market presence in AI infrastructure.