Samsung Has Thrived Without Directly Relying On Nvidia

The article argues that Samsung has posted record memory-revenue growth without being heavily dependent on Nvidia as a direct customer, despite Nvidia’s importance in AI memory demand. Samsung’s memory business now represents 70% of total revenue, and its customer base is highly diversified, with no single customer accounting for more than 10% of revenue. Looking ahead, the piece highlights a bigger future link to Nvidia: Samsung is expected to lead SOCAMM2 supply for Nvidia’s Vera Rubin platform in 2026. The market implication is that Samsung’s earnings mix is being driven by the broader AI memory cycle rather than single-customer concentration, while future Nvidia-related demand could further strengthen its memory franchise.