Just three weeks ago, Nvidia became the first publicly traded company to be worth more than $5 trillion thanks to the cutting-edge computer chips it makes for artificial intelligence.

On Wednesday, Nvidia provided a reminder of just how much the world craves those chips. The company said that in its most recent quarter, its profit was $31.9 billion, up 65% from a year ago and 245% from the year before that. Among the tech industry’s giants, only Google’s parent company, Alphabet, made more money in the same quarter.

Nvidia controls about 90% of the market for the chips used in AI projects, and its financial performance has become a bellwether for what can be expected of the rest of the tech industry, which is investing trillions of dollars in big data centers all over the world.

Nvidia’

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