From Morningstar:

Nvidia’s earnings report beat forecasts on February 21, leading to a 15% spike in shares. The company expects strong growth in data center revenue, benefiting from increased demand in AI computing. Morningstar raised the fair value estimate for Nvidia to $730 and noted a Wide Moat Rating with Very High Uncertainty.

In the January quarter, Nvidia’s total revenue reached $22.1 billion, up 22% sequentially and 265% year over year. Data center revenue was especially strong at $18.4 billion, representing a 27% sequential increase and a 409% year over year growth. This segment is crucial for investor focus due to its significant contribution to Nvidia’s overall revenue.



Read more at Morningstar: Nvidia Earnings: Shares Surge on Booming AI Revenues