The stock market is notoriously unpredictable. Fortunes are made and lost in the blink of an eye, it takes a shrewd investor to read the markets correctly and to know when to buy and when to sell.
Gaming stocks have long been an attractive option for investors. The video game industry is worth billions and is growing at an exponential rate. However, as with any investment, research and planning beforehand is essential. Let’s take a look at how gaming stocks have performed in 2023 to give you an idea of the health of the market.
What Gaming Stocks are the Biggest?
When assessing any market, looking at the biggest company can give you an idea of what’s happening within the industry and who the major players are.
Unsurprisingly, Microsoft is currently the biggest stock in the gaming industry. The tech company owns Xbox as well as astring of development studios. Microsoft stock currently has a market cap of $1.81 trillion, far and away the biggest in the industry.
The next biggest after Microsoft is Electronic Arts, the game studio famed for hit sports titles such as FIFA and Madden. The Electronic Arts stock has a current market cap of $35 billion.
Some of the industry’s other biggest stocks include Nintendo, Capcom, and Take-Two Interactive, with market caps of $49.2 billion, $6.9 billion, and $18.4 billion respectively.
Video gaming is a booming industry. Whether it’s console games, PC games or games on a Mac device, millions of players around the world play games, and the industry is rapidly growing.
If you’re looking to invest in game stocks, it’s vital that you study the market intently. Identify the stocks that are growing quickly, as these can often be a potentially good investment and will see you make a return if you sell at a later date.
Activision Blizzard is another hot stock. The company is behind some of the world’s biggest games, such as Call of Duty, World of Warcraft, and Candy Crush. The Activision Blizzard stock is currently $92.29, representing a 20.04% rise year-on-year.
Tips for Investing
Investing can be a rewarding pursuit, but it’s essential that you take the proper precautions to avoid getting into financial trouble. Whether you’re investing or game stocks or in any other industry, there are a few basic rules you should follow.
Set yourself short-term goals and work towards them, this can give you something to aim for and help you feel a sense of accomplishment. It’s also important to stick to a budget; this can ensure you don’t spend beyond your means and will give you a safety net to fall back on.
Gaming stocks have performed well in 2023, which is unsurprising given how healthy the industry is. This is the perfect time to get involved and add some gaming stocks to your portfolio.