Gaming stocks get a jolt after Nvidia introduces 'turbocharged' laptop GPUs

Shares of companies in the gaming space are active on Tuesday GPU maker Nvidia (NVDA) introduced the GeForce GTX 1660 Ti and 1650 Turing-based GPUs for gaming laptops. WHAT'S NEW: Nvidia claims that the new GPU delivers a "major jump in overall performance and power efficiency for today's most popular games." "GeForce GTX 16-series gaming laptops take advantage of all of the shader innovations in the 12th generation NVIDIA Turing GPU architecture, including concurrent floating point and integer operations, unified cache architecture with 3x the L1 cache compared to the Pascal generation, and turbocharged performance using adaptive shading technology," the company said in a statement. WHAT'S NOTABLE: Nvidia's new cards will also enable content creators using Adobe (ADBE) Creative Cloud to access advanced video effects in Adobe Premiere Pro CC and Adobe Premiere Rush, and can "pan and zoom smoothly in Adobe Illustrator CC regardless of display resolution," Nvidia said. PRICE ACTION: Shares of Nvidia are up 1.6% to $191.50 while its chip-maker competitor AMD (AMD) is falling almost 1% to $27.95. GAMING AND HARDWARE: Shares of most companies in the PC gaming space are higher including Microsoft (MSFT), Dell Technologies (DELL), GameStop (GME), Electronic Arts (EA), Activision Blizzard (ATVI), Sony (SNE), Apple (AAPL) and Take-Two (TTWO).