NVIDIA CorpNVDA launched the 4070 Ti gaming card and expanded RTX gaming GPUs to GeForce NOW (GFN), its cloud gaming platform, and laptops to be available in February.
At $799, with superior performance vs. RTX 3090 Ti powered by DLSS 3 and half the power consumption, Citi analyst Atif Malik finds the price point attractive and more affordable relative to its own high-end 4080/90 and competitor’s RX 7900 XT/XTX cards.
On the laptop side, the introduction of the RTX 40 series may warrant a significant upgrade to the RTX platform, currently ~40%.
Similarly, GFN announced the adoption of Ada Lovelace architecture which opens the door for further user growth (GFN users are up 25x from 2020).
Additional announcements include NVIDIA’s auto partnership withHon Hai Precision Industry Co LtdHNHPFFoxconn, and Mercedes-Benz Group AGDMLRY on Omniverse.
While different, both partnerships mark a growing NVIDIA Drive ecosystem.
Price Action: NVDA shares traded higher by 2.57% at $146.82 on the last check Wednesday.
