Nvidia Is Getting a Big Boost in a Fast-Growing Market, and It Is Not AI
Artificial intelligence (AI) has turned out to be a big catalyst for Nvidia (NASDAQ: NVDA) stock so far in 2023, and that's not surprising given how the proliferation of this technology has boosted the demand for the company's graphics cards.
Nvidia is set to deliver a major jump in revenue and earnings thanks to AI, but the company is also making smart moves in other areas that could supercharge its growth in the long run. The cloud gaming space is one such niche where Nvidia has been consistently looking to push the envelope and solidify its dominant position. And now, the tech giant has made another shrewd move in this market that could help it attract more users to its cloud gaming platform.
(NASDAQ: MSFT) recently announced that members of its Game Pass gaming subscription service can soon start streaming selected personal computer (PC) games on Nvidia's GeForce Now cloud gaming platform. Microsoft says that this move will "enable the PC Game Pass catalog to be played on any device that GeForce Now streams to, like low spec PCs, Macs, Chromebooks, mobile devices, TVs, and more, and we'll be rolling this out in the months ahead."
Source Fool.com
Microsoft Corp. Stock
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With a target price of 404 € there is a slightly positive potential of 6.92% for Microsoft Corp. compared to the current price of 377.85 €.
