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Why Are Nvidia (NVDA) Shares Soaring Today

Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 15.5% in the morning session after the company reported fourth-quarter results with a meaningful revenue beat, strong gross margin improvement, and EPS outperformance vs. Wall Street's estimates. Notably, revenue grew 265% year-on-year and 22% sequentially. The strong topline performance was mostly driven by the data center segment, which was up 409% year-over-year and 27% sequentially as demand for Nvidia processors optimi

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