1 (10 ounce) can diced tomatoes and green chiles (such as RO*TEL®)
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2 (4 ounce) cans hot green chiles
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2 (4 ounce) cans mild green chiles
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1 bunch fresh cilantro, stems removed
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1 (2 pound) loaf processed cheese (such as Velveeta®), cubed
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2 (10.75 ounce) cans condensed cream of chicken soup
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1 (8 ounce) package cream cheese, cubed
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2 tablespoons hot sauce (such as Valentina®)
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0.5 teaspoon ground cumin
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0.5 teaspoon chili powder
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1 lime, juiced
Instructions
Heat oil in a skillet over medium-high heat; add onion and jalapenos. Cook, stirring frequently, until tender, about 5 minutes. Add garlic; cook for 1 minute more and remove from heat.
Transfer jalapeno mixture to a blender. Add water, diced tomatoes, hot green chiles, mild green chiles, and cilantro. Cover and blend on high until mostly smooth.
Pour blended mixture into a large pot over medium heat. Add processed cheese, chicken soup, cream cheese, hot sauce, cumin, and chili powder. Cook and stir until completely melted, 5 to 7 minutes. Stir in lime juice; reduce heat to low.