The company raked in $13.5 billion in revenue since May, it revealed in its Q2 2024 earnings, with the unprecedented demand for its generative AI chips blowing past any difficulty it may have had selling desktop and laptop GPUs into a shrinking PC industry. Data center accounted for a record $10.32 billion of that revenue, and Nvidia made $6.188 billion in profit as a result — up 843 percent year over year. And while gaming isn’t quite at pandemic highs, it was actually up 22 percent year over year to $2.48 billion in revenue, too.

Nvidia is forecasting revenue of $16 billion next quarter, yet another leap.

Nvidia’s chief rivals Intel and AMD do not yet have convincing answers to Nvidia’s AI chips. AMD’s MI300 may begin to arrive as soon as the fourth quarter. Both AMD and Intel are also at least temporarily trying to downplay the importance of putting those AI chips into servers in the cloud, with both their chief executives promising to put AI features in their client chips as well. Or, as Intel CEO Pat Gelsinger put it: “build AI into every platform we build.”

“If you look out five years, you will see AI in every single product at AMD, and it will be the largest growth driver,” AMD CEO Lisa Su told Forbes back in May.