Nvidia made US$6b profit in 3 months, an 840% increase versus last year

I honestly thought Nvidia's entry to the US$1t market cap club would be short lived, but based on its freshly announced Q2 FY2024 financial results, they're going nowhere. In the span of 3 months, Nvidia made a net income (aka profit) of over US$6b - an 840% increase over the same quarter last year. That is insane for a company of Nvidia's size and age. They aren't a new startup, they've been the industry leader in GPUs for over a decade. Unsurprisingly, the bulk of that profit comes from their "data center" division, which has seen an explosion in demand due to AI applications. Companies are frothing for H100 "Hopper" GPUs as there's no real competition coming from AMD and Intel for data center GPUs. Nvidia can keep jacking up the price to meet demand and demand still grows! Apparently the CUDA ecosystem is a huge moat for them.