3 Top Gaming Stocks to Buy in March
From Nasdaq:
The video games market was valued at nearly $400 billion last year and is expected to surpass $1 trillion by 2032. Despite a recent economic downturn, the sector is rebounding, making it a good time to invest in tech stocks like Nvidia. Other emerging markets like virtual/augmented reality (VR/AR) and artificial intelligence (AI) are also set to boost gaming stocks.
Nvidia’s stock has risen 247% in the past year, driven by its success in AI and gaming. Its GPUs are popular among PC gamers, and with revenue growth of 56% in the gaming segment, Nvidia remains a strong investment option with projections showing potential for a 41% increase in stock price by fiscal 2026.
Intel, though not known for gaming, has made strides in the industry with a 62% market share in CPUs for gaming. With revenue growth of 33% in the client computing segment, Intel’s entry into GPUs in 2023 is promising. Projections suggest a 121% rise in stock price by fiscal 2026, making Intel an attractive investment opportunity.
Microsoft has made significant advancements in gaming, becoming one of the top four game companies by revenue. The introduction of Xbox Game Pass has attracted millions of subscribers and its recent acquisition of Activision Blizzard adds value. With a forward P/E of 36, Microsoft shares are a compelling option for investment in the gaming and tech sector.
While Nvidia, Intel, and Microsoft show promise in the gaming industry, other tech stocks may offer even better returns. The Motley Fool Stock Advisor recommends 10 stocks poised for significant growth, with potential for monster returns. With a proven track record since 2002, Stock Advisor provides investors with expert guidance and analysis, outperforming the S&P 500 by a significant margin.
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