4 Best Video Game Stocks To Invest in Now

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In this article, we will look at 4 best video game stocks to invest in now. If you want to see our detailed analysis of the video game industry, you can go to 11 Best Video Game Stocks To Invest in Now.

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 110

NVIDIA Corporation (NASDAQ:NVDA) is renowned for world-class graphics processing units (GPUs), which are an essential part of gaming consoles and gaming computers. The company’s GeForce RTX series is on every PC gamer’s wishlist as they deliver outstanding frame rates which boost consumer experience. The company also operates a cloud-based gaming platform, the Nvidia GeForce Now, which allows users to play games hosted on remote services and streamed over the internet to supported devices.

Hedge funds are upping their stakes in the semiconductor giant. At the end of the fourth quarter of 2021, 110 hedge funds held long positions in NVIDIA Corporation (NASDAQ:NVDA) worth roughly $10.49 billion. This is compared to 83 hedge funds in the previous quarter with stakes worth $10.05 billion. The hedge fund sentiment for the stock is positive. On top of this, on April 13, New Street analyst Pierre Ferragu upgraded NVIDIA Corporation (NASDAQ:NVDA) to Buy from Neutral with a $280 price target.

As of December 31, 2021, Fisher Asset Management is the leading shareholder in NVIDIA Corporation (NASDAQ:NVDA) having stakes worth $1.5 billion which covers 0.84% of the fund’s Q4 2021 investment portfolio.

ClearBridge Investments explained why NVIDIA Corporation (NASDAQ:NVDA) is a worthy investment choice in its first-quarter 2021 investor letter. Here is what they said:

“Gaming is an attractive end market within the media/technology sector with strong growth and a long runway, particularly in mobile gaming. Unity’s platform provides an engine and toolkit for development and monetization of games, e-commerce and industrial applications, adding to our industry exposure, which also includes Nvidia (NASDAQ:NVDA) in graphic processing chips.”