Will Nvidia Corporation Stock Rebound Going Into GDC 2017 Event?

Will GeForce GTX 1080 Ti launch change the course of  NVIDIA Corporation (NVDA) Stock? 

Will NVIDIA Corporation (NVDA) Stock Rebound Going Into GDC 2017 Event

Shares of Santa Clara, California-based NVIDIA Corporation (Nasdaq:NVDAhad a rough last week. NVDA stock lost over 10% on account of back-to-back downgrades from different analysts. One of the downgrades came from the desks of Nomura. Romit Shah, the analyst from Nomura stated the concern over NVIDIA's gaming segment was one of the main reasons behind the rating downgrade of NVDA stock. This makes the upcoming NVIDIA GeForce GTX Gaming Celebration event at GDC 2017 on Feb 28th much more interesting where NVIDIA would unveil the first look of its GeForce GTX 1080 Ti, which could be the fastest graphic card in the world. This event could, in a big way, suggest what's next for NVIDIA in the gaming segment. Will this event be a change agent for NVDA stock? Let's take a closer look.

GeForce GTX 1080 Ti- The Fastest Graphic Card In The World?

According to a report on Forbes, NVIDIA's latest offering could be the fastest graphics card in the world. According to the author, "GeForce GTX 1080 Ti could be a consumer-class, tweaked version of either the Quadro P6000 or GP100. If NVIDIA gooses up the GP102’s base and boost clocks, and keeps the memory humming at a similar speed, it should be the fastest GPU on the market and the most powerful GeForce card released to date, hence that #ULTIMATEGEFORCE hashtag." The success of this launch is very crucial for the company's gaming segment as AMD (Nasdaq:AMD) is stealing NVIDIA's thunder in the GPU department. Also, AMD is scheduled to preview its Vega GPUs in GDC 2017. The GeForce GTX 1080 Ti should strengthen the dominance of NVIDIA in the gaming segment as "1080 Ti aims to be 2017’s best card from NVIDIA GeForce". It is in a way very important for NVIDIA to ensure AMD does not hog all the limelight at GDC 2017 with its launches. To add to that, it has been a year since Titan X (P), NVIDIA’s best card was launched, so a refresh was eagerly awaited.

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Disclosure: Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a ...

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