Serious gamers are well known for buying advanced gear. NVIDIA's success has been all but built on the backs of gamers' demands for hyper-fast graphics performance. Now, those users have something else to crave. On Wednesday, Netgear (NASDAQ: NTGR) unveiled the Nighthawk X10, which it claims is the world's fastest router.

According to Netgear, the Nighthawk X10 has the fastest processor available in a router as well as a "quad stream wave" architecture for processing multiple data streams simultaneously using the newest and fastest standard for Wi-Fi: 802.11ad. Put it all together and you've a device that Netgear says is capable of delivering 7.2 gigabytes of broadband per second. For perspective, consider that Google Fiber promises just 1Gbps to its connected customers.

As is typical for these sorts of announcements, Netgear asked industry analyst Michael Thelander, president of Signals Research Group, to add a third-party endorsement. He doesn't disappoint: "802.11ad also provides approximately one-tenth the latency as compared to 802.11ac, which is absolutely critical for applications like virtual reality or augmented reality," said Thelander.

Should investors believe the hype? Maybe. At the very least, Netgear has plenty of experience in bringing fast broadband to places that need it. Most recently, the company teamed with Qualcomm and Ericsson to build a prototype wireless hotspot theoretically capable of delivering gigabit LTE to Telstra customers in Australia.

For the rest of us, the Nighthawk X10 Smart WiFi Router is available now for a recommended retail price of $499.99. That's a big premium over other Netgear routers you'll find online, including an earlier generation Nighthawk that sells for $179 on Amazon as of this writing. If the X10 succeeds, we ought to see the evidence on the top line when Netgear reports fourth-quarter earnings.

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Tim Beyers had no position in any stocks mentioned at the time of publication.

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