The market for video game hardware is absolutely puny in comparison to the datacenter GPU boom.

I saw it put quite well in a comment on reddit:

> In 2020, the gaming segment was 47% of revenue at around 8 billion. Today it's doubled to 16 billion, or 7% of revenue. That's right, data center went from 6 billion 2020 to around 198 billion today.

Even if gaming revenue doubles again when the AI bubble pops, their total revenue will still drop by something like 80%. I'm neither smart nor dumb enough to be confident about whether that's something Nvidia can survive.