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Top 12 Stocks to Invest in the Video Game Industry in 2023

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  • During the recession, Disney has been laying off workers.
  • Roblox’s site had a 26% increase in daily active users.

Between 2019 and 2021, the video game industry had one of its biggest booms. This was mostly because governments ordered people to keep their distance from each other. People had to find new ways to socialize and have fun because of the lockdowns. This article talks about the 12 best stocks for video games to buy right now.

  1. Microsoft Corporation

Revenue-wise, Microsoft Corporation is the biggest software maker. The Xbox is made by Microsoft. The business sold about 18.5 million Xbox Series X and Series S consoles by March 2023.

Microsoft reported Q3 2023 earnings on April 25. EPS was $2.45, 22 cents over forecasts. The corporation earned $52.86 Billion, up 7% over the same quarter of 2022 and above projections by $1.85 Billion.

  1. Activision Blizzard, Inc.

California-based Activision Blizzard publishes games. Star Trek, Warcraft, James Bond, Sekiro, and others are among its most notable games. After UK authorities halted Microsoft’s takeover, the stock is under the spotlight.

14 Wall Street analysts have rated Activision Blizzard, Inc. stock a buy in the last three months. Analysts expect $92.54 on average.

  1. NVIDIA Corporation

NVIDIA Corporation offers computer hardware/software, semiconductors, chipsets, TV accessories, and gaming GPUs.

NVIDIA Corporation reported Q1 2023 earnings on May 24. In the preceding quarter, the business forecast sales of $6.50 Billion, plus or minus 2%, and net income of $50 Million.

  1. The Walt Disney Company

The Walt Disney Company is a major American media and entertainment company. Disney Interactive Studios, Inc. published Disney and non-Disney games.

The Walt Disney Company is cutting jobs to save money during the economic downturn. 7,000 people will be laid off this year. The Walt Disney Company’s CEO, Bob Iger, said in February’s earnings call that the business aims to save $5.5 Billion.

  1. Advanced Micro Devices, Inc.

American semiconductor business Advanced Micro Devices, Inc. Due to its graphic processing units (GPU), which are utilized by players and game producers, it makes our list of the best stocks for video game companies.

Advanced Micro Devices, Inc. shares were owned by 97 hedge funds in Q4 2022 for a total value of $5.7 Billion, up from 89 hedge funds with combined holdings of $4.99 Billion in Q4 2021.

  1. Warner Bros. Discovery, Inc.

The American media and entertainment company Warner Bros. Discovery, Inc., has a number of subsidiaries that create video games.

With a total worth of around $1.35 Billion, 60 hedge funds were positive on Warner Bros. Discovery, Inc. in Q4 2022.

  1. Take-Two Interactive Software, Inc.

A holding company for video games, Take-Two Interactive Software, Inc., is situated in New York. The business owns Rockstar Games, the studio behind Grand Theft Auto, along with a number of other game publishing companies.

According to Take-Two Interactive Software, Inc., GTA 6 is already well under way. The release date has not yet been made public, however. 

  1. Sea Limited

Originally established as the game creation platform Garena, Sea Limited is now a company. In 2017, the business changed its branding, although it retained Garena as a division.

In the fourth quarter of 2022, 48 hedge funds owned Sea Limited for a total of $1.677 Billion.

9. Electronic Arts Inc

A California-based company called Electronic Arts Inc. creates video games. The business runs the digital distribution platform Origin and owns a number of game studios.

22 analysts have covered Electronic Arts Inc. stock in the last three months; 14 of them still rate the company as a Buy, compared to 8 who rate it as a Hold. The 22 analysts’ combined average price objective is $134.41.

  1. NetEase, Inc.

A diverse online technology business, NetEase, Inc. The company’s portfolio is focused on cloud music, e-commerce, advertising, and mobile and PC gaming. Additionally, it engages in pig farming.

Before the company’s March game launch cycle, JP Morgan upgraded NetEase, Inc. shares from Neutral to Overweight on February 28 and increased its price objective from $85 to $100.

  1. Sony Group Corporation

The Sony Group Corporation is a Japanese global company that makes and sells technology. It is also one of the biggest producers of video games and one of the biggest makers of video game consoles. 

Six years of work went into making the PlayStation VR2 virtual reality headsets, which came out in February 2022. With the PSVR2 gear, the company has a strong start in the new metaverse.

  1. Roblox Corporation

Roblox Corporation is a game and video company based in California. It runs a system where people can make games online and play games that other people have made. Since the platform’s beginning, it has been offered on Windows, iOS, Android, and Xbox One.

Roblox’s site had 66.2 million daily active users, which was a 26% increase from the year before. Users spent a total of 4.8 billion hours on the site, which is 26% more than the year before.

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