Nvidia Geforce Cloud Gaming Service Returns To Power After Massive Global Outage
Portfolio Pulse from Ananya Gairola
Nvidia Corp.'s GeForce Now cloud gaming service experienced a global outage but is now back online. The outage, lasting over two hours, prevented users from accessing their game libraries. Despite this, local gameplay was unaffected. The issue was resolved, and Nvidia's services are operational again. This event follows a lawsuit against Nvidia for allegedly using copyrighted works without permission to train its AI platform. Nvidia's Q4 results exceeded forecasts, with non-GAAP earnings per share of $5.16 and revenue of $22.10 billion.
March 11, 2024 | 2:40 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nvidia's GeForce Now service experienced a global outage but has since resumed normal operations. The company also faces a lawsuit over copyright infringement related to its AI platform training. Despite these challenges, Nvidia reported strong Q4 earnings, surpassing expectations.
The short-term impact on NVDA stock is likely positive despite the outage and lawsuit due to the strong Q4 earnings report exceeding expectations. The resolution of the service outage and the company's operational status being restored to 'Operational' further mitigate negative impacts. The lawsuit may pose a longer-term concern, but the immediate financial performance is likely to have a more significant influence on investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100