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Why NVIDIA Corporation (NASDAQ: NVDA) stock dropped in the premarket session?

NVIDIA Corporation (NASDAQ: NVDA) a graphics processing chip manufacturer that currently generates most of its revenue from the sales of graphics processing units, announced the next generation wave of GeForce RTXlaptops from the leading global manufacturers, providing real-time ray tracing and AI-based DLSS to a massive number of gamers and creators, with price being initiated at $799.

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At last check-in premarket trading, shares of NVIDIA Corporation (NVDA) were down -3.09% at $553.0. NVDA stock closed the last session at $570.63, decreasing by -3.69% or -$21.86. Shares of the company fluctuated between $570.00 and $592.24 throughout the day. In the past 12 months, the company’s stock has advanced 82.60%, and in the last week, the stock has moved down to -3.85%.

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Nvidia E-sport supported laptops

The new wave of laptops provides incredible performance in lightweight, sleek designs. The latest RTX laptops consist of double the speed as compared with previous-generation systems, depicting a smooth, 60 frames per second gameplay at 1080p HD popular games that may be inclusive of Minecraft RTX and Call of Duty: Black Ops Cold War.

The interface is based on the new GeForce RTX 3050 Ti and 3050 Laptop GPUs, which represent NVIDIA’s Ampere architecture with customized RT and Tensor Cores to mass customers, and increase the amount of RTX 30 Series laptops exceeding 140.

The latest release of laptops depicts an opportunity to upgrade, especially for gamers and creators with slower laptops, who are in need of fast processing power. Currently, there are 5 times more RTX 30 Series gaming laptops that are thinner than 18mm in comparison with previous-generation RTX systems, providing incredible performance with extremely sleek and portable designs.

Laptop owners who on average upgrade after about four years, are expected to see a vast difference with the latest GeForce RTX 3050-class Laptop GPUs. With NVIDIA DLSS, GeForce RTX 3050 Ti laptops also consists of double the speed compared to previous-generation systems.

For audience focusing on competitive games, new GeForce RTX 3050 Ti laptops can support 144+ FPS and sub-25ms system latency in games such as Overwatch, Rainbow Six Siege, and Valorant, facilitated by NVIDIA Reflex Low Latency mode. 70% of the top 10 competitive shooter games have NVIDIA Reflex support, which lets gamers achieve reduced system latency, substantially improving the quality of their gameplay. NVIDIA Reflex is also supported among the whole RTX 30 Series lineup.

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Nvidia has significantly expanded its product line and has emphasized supporting high graphic gaming through next-generation laptops, however has failed to induce adequate investor interest with NVDA stock price dropping at last check.

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