Back to top

Image: Bigstock

NVIDIA Takes Gaming a Notch Higher With Turing-Based GPU

Read MoreHide Full Article

NVIDIA Corporation (NVDA - Free Report) has set new standards in the gaming industry once again with the recent launch of its Turing Architecture-based graphic processing units (GPUs), GeForce RTX series.

The GeForce RTX series is the first gaming GPU to be introduced for the Turing platform. The GPU series, which include the GeForce RTX 2070 and the GeForce RTX 2080 Ti, enhance user experience by combining next generation shaders with ray-tracing and new Artificial Intelligence (AI) capabilities.

NVIDIA has teamed up with Electronic Arts (EA) and Square Enix to develop their upcoming games, Battlefield V and Shadow of the Tomb Raider, respectively, to run on the platform.

NVIDIA’s shares have rallied 30.9% on a year-to-date basis, outperforming the industry’s 10.7% growth.

 



NVIDIA’s Giant Leap With Turing

The company’s new technology, Turing, features new RT Cores that make ray tracing 25 times faster than the old Pascal Architecture by computing how light and sound travel in 3D environments.

Turing Technology is a hybrid rendering model, which enables realism in gaming through ray tracing.

NVIDIA has already introduced Turing-based Quadro RTX 5000, 6000 and 8000 for film and video content creation, automotive and architectural design, and scientific visualization, which will be up for sale in the fourth quarter.

Poised to Lead the Gaming World

The company continues to gain market share among gaming service providers, which is strengthening its position in workstation-based gaming services in supercomputing segments.

The strong lineup of advanced graphics cards has made it a favorite graphics card provider among PC makers. We believe that strong demand for PC gaming will be a tailwind for the company’s financial performance. It has always generated substantial revenues from its cards because of the significantly higher functionality.

We believe the launch of the latest gaming GPUs will help NVIDIA expand its customer base and drive additional revenues.

Zacks Rank & Stocks to Consider

NVIDIA currently has a Zacks Rank #3 (Hold).

Few better-ranked stocks in the broader Computer and Technology sector are Virtusa Corporation , Qualys, Inc. (QLYS - Free Report) and Fortinet, Inc. (FTNT - Free Report) , each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth for Virtusa, Qualys and Fortinet is projected to be 20%, 8% and 16.8%, respectively.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


NVIDIA Corporation (NVDA) - free report >>

Fortinet, Inc. (FTNT) - free report >>

Qualys, Inc. (QLYS) - free report >>

Published in