NvidiaNVDA
Nvidia is the beneficiary of everyone else's capex — but it spends too: most of its cost flows to TSMC for fabrication and to memory makers for HBM.
Where the cash goes~$79B / yr · FY2025
Buybacks$34B
Cost of goods (suppliers)$32B
R&D$13B
Money flows left → right · hover a node · click to open the stock.FoundryMemoryPower & Cooling
Most exposed to NVDA's spend
- TSMCTSMCurated
Fabricates every Nvidia GPU, including CoWoS advanced packaging.
Foundry - SK hynixprivateCurated
The largest HBM supplier for Nvidia's data-center GPUs.
Memory - MicronMUCurated
High-bandwidth memory (HBM) stacked on Nvidia accelerators.
Memory - VertivVRTNews
Reference cooling designs for Nvidia GB200 racks.
Power & Cooling
Relationships are hand-curated and sourced from filings, announcements, and public reporting — a map for generating ideas, not a complete supply chain, and not investment advice. Exposure weights are relative, for sizing only. Spot something missing? Contributions welcome on GitHub.