From Nasdaq:

Gen AI and the metaverse are set to drive growth in the video game market, making it an attractive investment. Apple’s spatial computer, Vision Pro, could revolutionize gaming, and the proliferation of headsets in the latter half of the decade will benefit gaming companies. EA and Nintendo are two highly-rated video game stocks to consider.

Electronic Arts (EA) produces popular sports titles and stands to benefit significantly from the Metaverse boom. EA stock is a Moderate Buy, with 12 Buys and seven Holds assigned in the past three months. The average price target of $147.32 implies 7% upside potential. EA could have a prosperous year in 2024, especially with their growing presence in virtual reality.

Nintendo, with its highly-rated titles, is set to release the Switch 2 and could benefit from sudden growth surges in the video game market. Despite being one-upped by rivals in the console scene, Nintendo’s impressive intellectual property and incredible content make it a potential buy for the future. NTDOY stock is also a Moderate Buy, based on two Buys and one Hold assigned in the past three months.

Video gaming is poised for growth with the emergence of new technologies. Both EA and Nintendo are standout stocks, but with the potential release of the Switch 2, Nintendo could act as a major catalyst. The investment theme of video gaming is expected to fare well in the coming years, making EA and Nintendo attractive investment opportunities.



Read more: EA vs. NTDOY: Which Video Game Stock is the Better Bet?