Here's Why Nvidia's Cloud Gaming Service Is the Real Deal
Nvidia's (NASDAQ: NVDA) GeForce Now cloud gaming service officially launched last year after spending a few years in beta testing. Membership has more than doubled to more than 12 million gamers. The chipmaker's gaming segment has exploded over the last few years and grew 85% year-over-year to slightly over $3 billion in revenue last quarter. Selling high-end graphics cards to PC gamers is Nvidia's specialty, which makes its recent gains with GeForce Now more impressive.
Cloud gaming is largely seen as the future of the $175 billion video game industry. Here's why Nvidia is well positioned to lead this rapidly growing market and significantly expand the long-term growth runway for its gaming business.
Image source: Nvidia.
Source Fool.com
