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Movie Industry Could Offer Unexpected Boost To NVIDIA Corporation (NVDA)

NVDA – An upcoming Steven Spielberg film leans heavily on the concept of virtual reality as an escape.


Interest in NVIDIA Corporation’s (NASDAQ:NVDA) futuristic virtual reality headsets could climb even higher thanks to an unlikely source. An upcoming film that’s expected to be a pretty big hit will introduce the concept of escapism via VR to the masses. 

CNBC has the details on what could be a promising sign for Nvidia.

Nvidia’s top salesperson in 2018 may be none other than Steven Spielberg, according to Jefferies.

Spielberg’s upcoming film, “Ready Player One,” depicts a future dystopia where many retreat into a virtual world. Jefferies said the premise could drive sales of virtual reality headsets that require high-performance chips. The movie, directed by Spielberg, will be released in U.S. theaters on March 29.

Jeffiries analyst Mark Lipacis is among those that sees the film as a huge positive for Nvidia. “We also think that ‘Ready Player One’ has the potential to appeal to an electronics game savvy audience that is motivated to have a more immersive experience,” he wrote in a note to clients.

The chipmaker’s stock has already seen eye-popping gains of nearly 150 percent during the past 12 months, and Lipacis sees the potential for share prices to climb to $300 over the next year.

NVIDIA Corporation shares rose $0.54 (+0.22%) in premarket trading Tuesday. Year-to-date, NVDA has gained 29.16%, versus a 4.37% rise in the benchmark S&P 500 index during the same period.

NVDA currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #3 of 97 stocks in the Semiconductor & Wireless Chip category.

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NVDA at a Glance

NVDA Current POWR Rating™
Overall POWR Rating™
NVDA Current Price $250.95 2.40%
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NVDA Price Reaction

The day of this event (Mar. 13, 2018)
NVDA Closing Price$247.56 0.82%
NVDA Volume15,503,882
8.57% from avg
Leading up to this event
NVDA 1-mo return7.43%
After this event
NVDA 1-day return0.41%
NVDA 3-day return0.29%
NVDA 5-day return0.07%

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