Nvidia (NASDAQ: NVDA) stock popped 2% as of 12:15 p.m. EDT, after the maker of semiconductors for video games and other uses announced its next-generation cloud gaming platform, GeForce RTX 3080-class gaming on GeForce NOW. Didn't Nvidia actually announce the latest development on GeForce NOW last month? For that matter, didn't it announce the opening of the cloud gaming platform early last year?
There's a good reason why investors should keep an eye on cloud computing stocks. The cloud computing market is forecast to reach $397 billion next year, up 47% from 2020. Here's why they lead the cloud computing pack.