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StockNews.com
StockNews.com
Business
Abhishek Bhuyan

2 Video Game Stocks to Watch as the Metaverse Gains Momentum

Investments in computing power and AI chips are enhancing the metaverse experience and driving demand for interactive games, making the video game sector a compelling investment opportunity. Therefore, investors should consider keeping an eye on strong video game stocks like Tencent Holdings Limited (TCEHY) and Electronic Arts Inc. (EA), as the metaverse gains momentum.

This year, Metaverse Gaming is booming due to consumer demand for immersive experiences, advancements in VR/AR technologies, blockchain integration, a strong gaming culture, increasing incomes, and accelerated adoption of digital entertainment post-COVID-19. The market is projected to achieve a remarkable CAGR of 41.64% from 2024 to 2030, reaching an estimated volume of $168.4 billion by 2030.

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