Nvidia (NVDA) Stock Closes Up on Positive Reviews of Shield Android TV

NEW YORK (TheStreet) -- Shares of Nvidia (NVDA) closed up 0.77% to $22.26 on positive reviews of its Shield Android TV set-top box and its Grid game-streaming service.

Nvidia's Shield "is the most powerful streaming TV set-top box ever made, The Wall Street Journal reports. Compared to Roku's Roku, Apple (AAPL)'s Apple TV, more than 5.1% increasing, Amazon.com (AMZN)'s Fire TV and Google (GOOGL)'s Nexus Player, it can stream 4K videos and play videogames.

Particularly, the key part of the Shield is the grid, as the publication said it's like a Netflix (NFLX) for videogames. While it's free for the time being, the visual computing company will begin to charge its users a monthly fee for access to a growing number of console-level games starting next month, according to the Journal.

The Shield starts at $200 with 16GB of storage.

Separately, TheStreet Ratings team rates NVIDIA CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate NVIDIA CORP (NVDA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

The FOMC Desperately Needs a Dose of Reality: Market Recon

Charts Signal Buying Opportunity for NVIDIA: Cramer's 'Off the Charts'

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)

These Are the Top 50 Jobs in the U.S. Right Now

Buying Nvidia Now Is Like Getting Intel Way Back in 1993, Jim Cramer Says