Nvidia spikes after CEO introduces new processors for gaming [CNBC]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: CNBC
Screenshot Nvidia CEO Jensen Huang announces the GTX RTX 20-series of graphics cards at the Gamescom conference in Cologne, Germany, on Aug. 20, 2018. Nvidia shares rose Monday after CEO Jensen Huang revealed new graphics cards that will be used for more sophisticated video games, potentially boosting the company's biggest business. Huang said during a presentation at the Gamescom conference in Cologne, Germany, that the new graphics processing units (GPUs) have been 10 years in the making. Gaming brings in the majority of Nvidia's revenue, although the company also sells products for data centers, cars and visualizing projects like buildings. Investor enthusiasm about the announcement lifted Nvidia shares more than 3 percent, making up for most of the losses on Friday after the company's disappointing revenue forecast. Huang said the new cards will deliver considerable performance gains over the company's Pascal generation of GPUs, which ca
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