Will NVIDIA Get a Boost From New Gaming Laptops?
NVIDIA (NASDAQ: NVDA) doesn't release its next earnings report until May 21, but results should be strong based on recent trends in gaming.
March was a record quarter for digital spending on games, according to SuperData. NVIDIA just launched its new RTX Super gaming laptops through its manufacturing partners. The high level of engagement among popular titles such as Activision Blizzard's Call of Duty: Warzone, during the COVID-19 crisis is likely to drive plenty of demand for new gaming hardware, despite the slowdown in the economy.
Several analysts who cover NVIDIA rate the stock a buy, and the bullish sentiment seems warranted. In addition to demand from gamers, many people are working at home and may be in the market for a powerful new laptop to fill their professional needs. Both trends can translate to strong demand for the new RTX Super line in the short term.
Source Fool.com
