Google’s Genie 3 reveal sent a shockwave through the gaming industry this week, triggering a sudden dip in major gaming stocks as investors scrambled to make sense of what AI‑generated games could mean for the future. The tech looks impressive — but the market reaction might say more about investor anxiety than actual industry risk.
Gaming has always been a sort of bubble, so to speak. People within the bubble sometimes blow it up, and sometimes, seem to let the bubble collapse. However, like all bubbles, they can be popped from the outside as well. Right now, that’s exactly what’s happening across the gaming industry.
