2 Video Game Stocks to Buy and Hold © Reuters. 2 Video Game Stocks to Buy and Hold
The video game industry suffered a setback with the reopening of the economy this year, but it is expected to continue to grow on the integration of advanced technologies and innovations. So, we think it could be wise to bet on fundamentally sound video game stocks Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (EA). Let’s discuss.The demand for video games soared amid the pandemic as people spent most of their time at home. However, the gradual reopening of the economy and an ongoing semiconductor shortage have hampered the industry’s growth this year.
With video games becoming more immersive and advanced, thanks to continuing innovations in virtual reality (VR) and augmented reality (AR), the industry is expected to continue growing in the post-pandemic environment. According to a techjury report, the video game industry is expected to reach $100.56 billion by 2024.
Activision Blizzard, Inc. (ATVI) and Electronic Arts Inc . (NASDAQ:EA) are well-positioned to capitalize on the industry tailwinds. So, we think it could be wise to buy and hold these stocks.
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