Stocks for US tech firm Nvidia skyrocketed late last week following the chipmaker’s pledge to virtual reality (VR) technologies and a massive surge in global interest in the Metaverse.
The firm is developing the ‘Omniverse,’ a software developer kit (SDK) to create enterprise-grade collaborative VR platforms.
Reports revealed Nvidia’s stock rose to 12 percent last Thursday by 1.9 percent the following morning. In a statement to Investors, Aaron Rakers, Wells Fargo Analyst, said:
“Nvidia Omniverse Enterprise represents a significant platform expansion strategy for Nvidia, which also entails a deepening recurring software story”
Currently, the extended reality (XR) industry is experiencing a massive rise in reports on the Metaverse, namely due to Mark Zuckerberg, Chief Executive of Meta revealing at a major keynote last month his company’s Metaverse ambitions to the general public and rebrand to reflect its new vision.
Nvidia Omniverse for VR Development
The news comes after Nvidia released its Omniverse beta software development kit (SDK) late last year, giving developers an advanced toolkit to create VR collaboration solutions for enterprises.
The unique SDK incorporates numerous third-party creative platforms, allowing developers to create a VR application for accessing 2D desktop applications and sharing content in real-time to coworkers.
Omniverse also connects major assets, projects, and design tools in a shared space to support creative applications such as Unity, Photoshop, and Unreal Engine.
Furthermore, Nvidia is investing deeply into the future of VR by launching its ‘GeForce RTX’ series of graphics processing units (GPUs) to support VR content creation and general use.
