"Behind it are NVIDIA GPUs in Omniverse servers." Nvidia shares were marked 8.65% higher in early trading to change hands at $319.20 each, a move that would extend the stock's six-month gain to around 125%. "Nvidia expects its Omniverse platform to start contributing revenues over the next few years, with examples that range from the existing network of developers building digital twins, to avatars in the hospitality industry," said BMO Capital Markets analyst Ambrish Srivastava, who carries a $375 price target with an outperform rating on the stock. "Meanwhile, visibility into the hyperscale market is better than ever, as Nvidia expects a big 2022, while flexing its balance sheet to secure supply as evidenced by the large increase (y/y & q/q) in its outstanding inventory purchase/LT supply obligation."