4 trending gaming stocks to watch in November 2021
4 best gambling stocks to know on the stock market this week
For obvious reasons, many people have turned to the stock market for investment opportunities in recent years. And, at the top of that list, there would be game actions. The global pandemic has negatively impacted many industries, but the gaming industry is one of the few that has benefited from the lockdown restrictions. As people turn to various types of indoor entertainment, gambling is one of the most popular options. That said, it should come as no surprise that we don’t see similar levels of growth now as the economy reopens and people start to come out more comfortably. So the question is, can the gaming industry continue to grow?
Well, Amazon(NASDAQ: AMZN) CEO Andy Jassy is certainly optimistic about the future of the industry. In fact, he thinks it could one day become the biggest entertainment category in the business. On the other hand, we have also seen Roblox(NYSE: RBLX) stock rose more than 25% in pre-market trading today after releasing a strong third quarter earnings report. Its revenue more than doubled from the previous year’s quarter to $ 509.3 million. Despite users returning to their pre-pandemic routines, Roblox remains an integral part of their lives. All things considered, would you bet on the future of the gaming industry? If so, here are the top four gaming stocks to watch in the stock market today.
Best gaming stocks to buy [Or Sell] This week
First, we will look at the digital interactive entertainment company, Electronic arts. Essentially, it develops, markets, publishes and provides games and services that consumers can play. Some of the company’s notable games are said to be Apex Legends, The Sims, Battlefield, FIFA, and Madden NFL. That said, EA stock has traded sideways over the past year, rising just over 15% over the period.
In October, the company and FIFPRO announced an extension of their partnership. The renewed commitment supports EA SPORTS ‘continued investment in the future of football. In doing so, enabling EA SPORTS to deliver the greatest and most authentic football experience to over 150 million players worldwide.
In addition, EA also recently released its second quarter earnings report last week. This was the second strongest quarter in company history. Net bookings for the past twelve months amounted to $ 7.07 billion, an increase of 27% year-on-year. It’s also worth noting that around 100 million players have engaged with its global football franchise across all platforms. With that in place, EA will be well positioned for a solid holiday season ahead. So, would you consider adding EA stocks to your watchlist?
Limited sea is a leading consumer internet company founded in Singapore. Its mission as a company is to improve the lives of consumers and small businesses with the help of technology. For now, it operates through three main businesses across digital entertainment, e-commerce, as well as digital payments and financial services. Impressively, SE stock has risen by over 75% since the start of the year.
Garena is the games segment of the company which provides users around the world with access to popular and engaging games. Thanks to its platform, players can socialize and create communities to have a better time. For those who don’t know him, Garena is the developer of Free Fire, a popular mobile battle royale game. It is the world’s most downloaded mobile game in 2019 and 2020. And it is the profitable gaming division that has been instrumental in funding the growth of Sea’s e-commerce arm.
Financially, Sea has also moved in the right direction. For its second quarter, its GAAP revenue was $ 2.3 billion, an increase of 158.6% year-over-year. During that time, it posted gross profit of $ 930.9 million, which is a staggering 363.5% year-over-year increase. So, would you consider buying SE shares ahead of the release of its third quarter results on November 16?
Another big name in the gaming and tech space as a whole right now would be NVIDIA. In detail, the company is the world’s leading producer of discrete graphics processing units (GPUs). Its products are used by the gaming and professional markets. Last month, the company announced its next-generation cloud gaming platform which will be available exclusively in a new high-performance membership tier. The GeForce NOW RTX 3080 membership tier will give gamers access to the biggest generational leap in GeForce history. How is it so? Well, it will offer the highest resolutions and fastest frame rates, coupled with the lowest latency.
Despite its success over the years, NVIDIA continues to innovate and push its limits. Earlier today, the lidar company Light technologies (NASDAQ: LAZR) announced that its lidar solution has been selected to be part of the NVIDIA DRIVE Hyperion autonomous vehicle platform sensor suite. In detail, DRIVE Hyperion will use a forward-facing Luminar Iris long-range lidar in its Level 3 highway driving configuration. This will enable next-generation safety and accelerate the development of autonomous driving.
Savvy investors should know that NVIDIA will report its results on November 17. In the second quarter, the company reported record revenue of $ 6.51 billion, an increase of 68% from the previous year’s quarter. Including $ 3.06 billion in gaming revenue, up 85% year-over-year. So, do you think NVIDIA will be able to maintain its impressive performance so far? If so, would you consider investing in NVDA shares?
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To sum up the list, we have the global semiconductor company that’s been making waves lately, Advanced micro-systems (AMD). Its products include x86 microprocessors, discrete GPUs and chipsets for personal computers, games, data centers and markets. If you’ve been following the company, you’ve noticed that AMD stock has gone up over 40% over the past month.
His latest rally came after AMD announced that he had won deals from Facebook’s parent company, Meta-platforms. (NASDAQ: FB). The chip giant said its EPYC chips were selected to help power Meta’s data centers. As we navigate a mega-cycle of high-performance computing, AMD’s products and services continue to be in demand.
Not to mention, the company also announced a new cloud gaming GPU called the Radeon Pro V620 last week. However, the V620 is not limited to gaming use. It comes with partitioning capabilities that make it possible to stream multiple workspaces simultaneously from the cloud. All things considered, is AMD stock one of the best gaming stocks to buy on the stock exchange today?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.