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Gaming Survey Shows 'Solid Trends' As PlayStation 5, Xbox Series X Prepare For Launch

Video games are on the rise thanks in part to stay-at-home procedures during the coronavirus (COVID-19) outbreak. PC gaming is up, with Etailers reporting “frequent recent stocks outs of NVDA’s most popular Turing cards.”

According to analysts at BofA Securities, only “8% of PC gamers own a GPU on par with performance of upcoming Sony/Microsoft game consoles, which will become the new bar for mainstream performance.”

SNE) PlayStation 5 and Microsoft Corporation’s (NASDAQ: MSFT) Xbox Series X could ignite a “major upgrade cycle” for PC gaming-based companies like Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD).

What Sony Analysts Like About The PlayStation 5 Presentation” data-reactid=”22″>See Also: What Sony Analysts Like About The PlayStation 5 Presentation

AMZN) are seeing Nvidia products such as the GTX 1650 Turing card sell out.

Vivek Arya wrote in a note.” data-reactid=”25″>”In our estimate, just 8.4% of NVDA steam users are using graphics cards with specs on par with the forthcoming Xbox Series X and PS5 game consoles which should become the baseline for AAA PC game performance/development upon their launch in the 2H of this year,” analyst Vivek Arya wrote in a note.

“We define this threshold as equal to or above NVDA’s RTX 2060 Super Turing card. This implies 90%+ of the installed base could become strongly motivated to upgrade to higher ASP current-gen Turing products, and potentially next-gen 7nm Ampere products, once new game consoles launch later this year.”

Latest Ratings for AMD

Date Firm Action From To
Jun 2020 Morgan Stanley Maintains Equal-Weight
Apr 2020 Argus Research Maintains Buy
Apr 2020 CFRA Maintains Buy

View the Latest Analyst Ratings” data-reactid=”30″>View More Analyst Ratings for AMD
View the Latest Analyst Ratings

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