Verizon Communications Inc.’s (VZ - Free Report) 5G Lab recently augmented the GPU-based cloud services capabilities by developing a set of revolutionary mobility solutions, namely virtual reality (VR), mixed reality (XR), augmented reality (AR), and cinematic reality. This is likely to provide a platform for developing ultra-low-latency cloud gaming, thereby enabling the development of scalable, low cost and highly powerful mobile devices.
The GPU-based orchestration system is specifically designed to provide real-time cloud services and support AI and ML, VR, XR, AAA Gaming, and Real-time Enterprise to be highly dependent on GPUs for its evaluating capabilities. However, scarcity of efficient resource management in GPUs remains a hurdle for the scalable deployment of such technologies.
To overcome this plight, the Verizon team has developed a prototype using GPU slicing and virtualization that will support any GPU-based service, increasing the ability for multiple user-loads and tenants.
Application of the Latest 5G Mobility Solutions
In order to assist developers, Verizon’s team has expanded the capabilities similar to Application Programming Interface to build an application that doesn’t require additional code, thereby creating consistency across various apps.
Reinforcing the ground-breaking technology, the team has successfully designed eight services that can be used on 5G technology — 2D Computer vision, XR lighting, Split rendering, Real time ray tracing, Spatial audio, 3D Computer vision, Real time transcoding and Asset caching.
The telecom bellwether aims to continue promoting next-gen 5G technologies nationwide to maintain its market share as the largest national wireless carrier, while the breakthrough technology reshapes the industry. With intensifying competition, Verizon is seeking competitive edge in a saturated and price-sensitive market, which includes major players like AT&T Inc. (T - Free Report) and T-Mobile US, Inc. (TMUS - Free Report) .
With one of the most efficient wireless networks in the United States, Verizon continues to deploy state-of-the-art technologies to deliver increased capacity, lower latency and faster speeds, driven by customer-focused planning, disciplined engineering and constant strategic investments. The latest addition to the 5G portfolio is likely to strengthen its market position and further enhance revenues.
Verizon has long-term earnings growth expectation of 4.2%. The company topped earnings estimates in each of the trailing four quarters, the average positive surprise being 2.6%.
The stock has returned 10% compared with the industry’s rise of 12% in the past three months.
Zacks Rank & A Key Pick
Verizon currently carries a Zacks Rank #2 (Buy). Another top-ranked stock in the industry is United States Cellular Corporation (USM - Free Report) , carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
United States Cellular surpassed earnings estimates thrice in the trailing four quarters, the average positive surprise being 38.3%.
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