Gaming stocks have exploded in recent years, with more people turning to video games as a source of entertainment than ever before.
The gaming industry has become one of the fastest-growing industries in the world.
It was last valued at $195.65 billion in 2021, and is projected to grow at a compound annual growth rate (CAGR) of 12.9% from 2022 – 2030 (Grand View Research, 2022).
Rapidly emerging technological trends like artificial intelligence, augmented reality, and the metaverse will continue to fuel demand for interactive video game entertainment.
Ultimately, this is great news for video game investors and enthusiasts looking to capitalize on this trend.
With 2023 poised to be another big year for the gaming industry, let’s take a look at the top six gaming stocks to buy in 2023.
Below, we will present the 6 Best Gaming Stocks to Buy in 2023!
6 Best Gaming Stocks to Buy for 2023
- Activision Blizzard
- Electronic Arts
- Take-Two Interactive
- Unity Software
- Roblox Corporation
- Nvidia Corporation
1. Activision Blizzard (NASDAQ: ATVI)
- Ticker: ATVI
- Dividend Yield: N/A
- Market Cap: $59.69 Billion
Activision Blizzard is a well-known gaming company that has been around for over 40 years.
The company is responsible for some of the most popular gaming franchises, including Call of Duty, World of Warcraft, and Candy Crush.
In 2022, the company’s revenue surpassed $8 billion, a record high for the company.
With the release of new games and updates to existing franchises in 2023, Activision Blizzard is poised for continued growth.
2. Electronic Arts (NASDAQ: EA)
- Ticker: EA
- Dividend Yield: 0.60%
- Market Cap: $34.45 Billion
Electronic Arts, or EA, is another well-known gaming company responsible for popular franchises like Madden NFL, FIFA, and The Sims.
In 2022, the company’s revenue was over $5 billion, and its stock price has been on the rise since 2021.
With the upcoming release of new games in 2023, including FIFA 24 and a new Star Wars game, EA is a great gaming stock to buy.
3. Take-Two Interactive (NASDAQ: TTWO)
- Ticker: TTWO
- Dividend Yield: N/A
- Market Cap: $20.55 Billion
Take-Two Interactive is the company behind popular games like Grand Theft Auto and NBA 2K.
In 2022, the company’s revenue surpassed $4 billion, with the release of the highly anticipated Grand Theft Auto VI expected in 2023.
Take-Two Interactive is also investing in new game studios and acquiring smaller gaming companies to expand its reach and revenue.
4. Unity Software (NYSE: U)
- Ticker: U
- Dividend Yield: N/A
- Market Cap: $9.69 Billion
Unity Software is a gaming company that provides tools and software for game developers.
The company went public in 2020 and has since seen steady growth.
In 2022, the company’s revenue was over $1 billion, and its stock price has been on the rise since its IPO.
With more game developers using Unity Software’s tools and the company’s expansion into other industries like architecture and automotive design, Unity Software is a great long-term investment for gaming stock buyers.
5. Roblox Corporation (NYSE: RBLX)
- Ticker: RBLX
- Dividend Yield: N/A
- Market Cap: $21.12 Billion
Roblox Corporation is a gaming company that allows users to create their own games and experiences.
The company went public in 2021 and has since seen strong growth. In 2022, the company’s revenue surpassed $1 billion, with over 43 million daily active users.
Roblox Corporation is expanding its reach with partnerships and collaborations with major brands like Nike and Marvel, and its user-generated content model ensures a constant stream of new games and experiences.
6. Nvidia Corporation (NASDAQ: NVDA)
- Ticker: NVDA
- Dividend Yield: 0.06%
- Market Cap: $699.67 Billion
NVIDIA Corporation is a technology company that provides hardware and software solutions for gaming, including graphics cards and AI-powered gaming tools.
In 2022, the company’s revenue was over $23 billion, with the gaming sector accounting for a significant portion of its revenue.
NVIDIA is also expanding into other industries like autonomous driving and cloud computing, making it a great long-term investment for gaming stock buyers.
Gaming Stocks: Final Takeaway
The gaming industry has been on a steady upward trend for years, and 2023 is poised to be another big year for gaming stocks.
With the continued growth of the global gaming market, advancements in technology, and the release of highly anticipated games, the industry is expected to see strong growth in 2023.
As a result, investors looking to capitalize on this trend should consider buying stocks in gaming companies with strong financials, a diverse portfolio of games, and a track record of growth and innovation.
Overall, the gaming industry is a promising area for investment in 2023 and beyond.
Disclosure: The author holds no position mentioned in this article. Freedom Stocks has a disclosure policy.
