Facebook Inc (NASDAQ:FB) Gives A Supporting Hand To NVIDIA Corporation (NASDAQ:NVDA) With The Oculus Rift
NVIDIA Corporation (NASDAQ:NVDA) is looking forward to some good times ahead thanks to the announcement that it will release at least 100 games designed for the Oculus Rift before the end of the year.
NVIDIA’s stock went up by 3.2% following the announcement, a great direction for the firm’s performance given its upcoming Q4 earnings report that is scheduled for Wednesday. Facebook also announced preorders for the $1,499 Oculus Rift bundle that targets gamers. The package includes the Oculus VR headset, a remote, two games and PC that will power the VR and its content. There will also be an Xbox One controller, courtesy of the partnership with Microsoft Corporation (NASDAQ:MSFT) on the project.
The PC is where NVidia gets into the picture because it provides the graphics cards fitted into the PCs for the project. Facebook recommends that gamers planning to use their PCs with the Oculus VR headset should consider AMD Radeon 290 or Nvidia GeForce 970. Both cards are powerful and conveniently priced.
According to NVidia, the 13 million PCs in the world currently have graphics capacity that is necessary. The chip maker is, therefore, excited because the advancement of the VR industry is shaping up in its favor, particularly with the Oculus Rift. This means the company will most likely make significant gains over the next few years especially thanks to the boost from the VR industry.
The chip company has been putting up a strong fight and has been emerging on top of other chip companies. Interestingly, the firm also has ties to the automotive industry. NVidia makes graphics processing units for various auto manufacturers including BMW, Honda Motor Co Ltd (ADR) (NYSE:HMC), Volkswagen and Tesla Motors Inc (NASDAQ:TSLA). Things can only go up considering that the automotive industry is embracing more computerized tech that requires more computing in modern vehicles.
The same can be said for the hardcore gaming industry which demands the latest that NVidia can offer. It is only a matter of time until the VR industry gets into the mass market.