What happened
Shares of Nvidia (NASDAQ: NVDA) Wednesday up 5.4% on Wednesday, as excitement builds for the upcoming product unveiling of the technology titan.
So what
On Tuesday, Nvidia announced on September 1 a ‘GeForce Special Event’, in which CEO Jensen Huang will talk about the ‘latest innovations in the chipmaker in gaming and graphics. ‘Meanwhile, the website for the event promises “the biggest breakthroughs in PC gaming since 1999.”
Nvidia file climbed on Wednesday as gamers eagerly awaited their new product announcement. Image Source: Getty Images.
1999 was the year that Nvidia introduced its first GeForce graphics processing unit to the gaming market. It was considered a major development for the sector as it helped to make high-end graphics capabilities affordable for many more people.
Analysts say the debut of next-generation graphics could spark a major upgrade cycle, which should boost growth for Nvidia and other chipmakers Advanced micro-devices.
Well what
Rumors are swirling between gamers and industry pundits ahead of Nvidia’s event. With expectations growing among both customers and shareholders, Nvidia will have to discover something special. Perhaps management will give more hints on what’s to come as Nvidia reports results in the second quarter and its call for conferences for earnings continues after the market closes on 19 August.
