In particular, the collaboration will combine Logitech’s hardware knowledge and Tencent’s software services to develop the new device, as per a press release by the two companies. The device will offer numerous cloud gaming services, cooperating with Xbox cloud Gaming and Nvidia GeForce NOW teams to provide more possibilities for playing on the move. Daniel Wu, general manager of Tencent Gaming, explained that Logitech would help them bring about their vision of gaming.
Game streaming
As Ujesh Desai, the general manager of Logitech G, said, the goal is for gaming to go the way of streaming, where players will be able to play their favorite titles from anywhere they want.
LOGI chart and analysis
In the last month, LOGI has been trading in the $49.70 to $57.34 with a positive short-term trend. However, year-to-date (YTD), the stock is down over 33%, setting up a support line at $54.28 and a resistance line at $56.79. Gamers have had much to be happy about since the pandemic, as their favorite pastime boomed almost overnight. Shrewd investors have foreseen this trend and have pilled into the names with suitable hardware and games, possibly profiting from the total uptake of gaming. Deals like the one Logitech has just made can benefit gamers, the company, and the firm’s shareholders. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
