Netflix Inc. (Nasdaq: NFLX) stock has posted tremendous gains in the last year, up nearly 227%. NFLX stock currently trades just over $338, after reaching an all-time high of more than $380 in December.
The key to its next big breakthrough was presented at the Consumer Electronics Show 2014 last week.
The new "4K" ultra-high-definition technology stole the show, and companies like Netflix are starting to create content to fit this new technology.
Money Morning's Defense & Tech Specialist Michael Robinson joined FOX Business' "Varney & Co." today (Tuesday) and discussed how NFLX can remain a major player with this new 4K technology:
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